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Paltel Company purchased a new machine on July 1, 2017, at a cost of $145,000. The company estimated that the machine will have a salvage
Paltel Company purchased a new machine on July 1, 2017, at a cost of $145,000. The company estimated that the machine will have a salvage value of $25,000. The machine is expected to be used for 25,000 working hours during its 5-year life.
Instructions: compute the depreciation expense for the year 2017 according to the units-of-activity method, assuming machine usage was 3,200 hours.
(When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500)
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