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need help please On January 1, 2024, Seacost Manufacturing Corporation purchased a machine for $48,000,000. The corporation expects to use the machine for 30,000 hours
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On January 1, 2024, Seacost Manufacturing Corporation purchased a machine for $48,000,000. The corporation expects to use the machine for 30,000 hours over the next ten years. The estimated residual value of the machine at the end of the tenth year is $48,000. The corporation used the machine for 3,800 hours in 2024 and 5,200 hours in 2025 . What is the depreciation expense for 2024 and 2025 if the corporation uses the double-declining-balance nethod of depreciation? (Round your answers to the nearest whole dolar? The depreciation expense using the double-declining-balance method for 2024 is The depreciation expense using the double-declining-balance method for 2025 is Step by Step Solution
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