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Oriole Company purchased a new machine on September 1 , 2 0 2 2 . at a cost of $ 1 3 9 , 0

Oriole Company purchased a new machine on September 1,2022. at a cost of $139,000. 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 20222023 and 2024.(Round answers to decimal places, c.9.15250.) Depreciation expense for: 2022- $ 83332023- $ 250002024-$ 25000 eTextbook and Media List of Accounts Assume the double-declining balance method is used. What amount of gain or loss would Orlole recognizeIf they sell the asset for $64,000 on 1/1/25? $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer

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