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Oriole Company purchased a new machine on October 1, 2017, at a cost of $68, 880. The company estimated that the machine has a salvage
Oriole Company purchased a new machine on October 1, 2017, at a cost of $68, 880. The company estimated that the machine has a salvage value of $5, 940. The machine is expected to be used for 70, 400 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5, 275.) 2017 2018 The depreciation expense under the straight-line method $ _________ $ _______
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