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Pharoah Corporation purchased a new machine for its assembly process on August 1, 2019. The cost of this machine was $174,492. The company estimated that
Pharoah Corporation purchased a new machine for its assembly process on August 1, 2019. The cost of this machine was $174,492. The company estimated that the machine would have a salvage value of $19,092 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 21,200 hours. Year-end is December 31.
What is the Straight -Line depreciation expense for 2019?
If necessary, round your answer to the nearest dollar. Do not use dollar signs or decimals.
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