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Pharoah Company purchased a new machine on October 1, 2022, at a cost of $138,000. The company estimated that the machine will have a salvage

Pharoah Company purchased a new machine on October 1, 2022, at a cost of $138,000. The company estimated that the machine will have a salvage value of $22.000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $

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