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Novak Company purchased a new machine on September 1, 2022, at a cost of $144,000. The company estimated that the machine will have a salvage
Novak Company purchased a new machine on September 1, 2022, at a cost of $144,000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5 -year life. (a) Your answer is correct. Compute the depreciation expense under the Straight-line method for 2022,2023, and 2024. (Round answers to 0 decimal places, e. 3.15250.1 Depreciation expense for: 2022=52023=52024=5 Compute the depreciation expense under the Units-of-activity for 2022, assuming machine usage was 930 hours. Depreciation expense for 2022=$
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