Monty Company purchased a new machine on October 1 , 2 0 2 2 , at a
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Question:
Monty Company purchased a new machine on October at a cost of $ The company estimated that the machine will
have a salvage value of $ The machine is expected to be used for working hours during its year life.
Your answer is correct.
Compute the depreciation expense under straightline method for
Depreciation expense
Compute the depreciation expense under straightline method for
Depreciation expense
CA
Compute the depreciation expense under unitsofactivity for assuming machine usage was hours. Round
intermediate calculations to decimal places, eg and final answer to decimal places, eg
Depreciation expense
$
Compute the depreciation expenseu under declining balance Using double the: straightline rate for and Round final
answers to decimal places, eg
Depreciation expense
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