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Oriole Company puichased a new machine on October 1. 2024, at a cost of $120.000. The company estimated that the machine will have a residual

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Oriole Company puichased a new machine on October 1. 2024, at a cost of $120.000. The company estimated that the machine will have a residual value of $15,600. The machine is expected to be used for 10,000 working hours during its 5 year life. Oriole Cosnpary's year-end is December 31 . (a) Calculate the depreciation expense under the straight-line method for 2024

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