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need help with part c Skysong Company purchased a new machine on September 1, 2022, at a cost of $125,000. The company estimated that the
need help with part c
Skysong Company purchased a new machine on September 1, 2022, at a cost of $125,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5 -year life. (a) Your answer is correct. Compute the depreciation expense under the Straight-line method for 2022, 2023, and 2024. (Round answers to 0 decimal places, eg. 15250.) Depreciation expense for: 2022 20235 20245 Compute the depreciation expense under the Declining-balance using double the straight-line rate for 2022, 2023 , and 2024. (Round answers to 0 decimal ploces, e. . 15250.) Depreciation expense for: 20222023 2024 Step by Step Solution
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