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PLEASE HELP ASAP!!! On January 1, 2024, Infusion Manufacturing Corporation purchased a machine for $15,000,000. The corporation expects to use the machine for 30,000 hours
PLEASE HELP ASAP!!!
On January 1, 2024, Infusion Manufacturing Corporation purchased a machine for $15,000,000. The corporation expects to use the machine for 30,000 hours over the next three years. The estimated residual value of the machine at the end of the third year is $15,000. The corporation used the machine for 4,000 hours in 2024 and 5,800 hours in 2025. What is the depreciation expense for 2024 and 2025 if the corporation uses the double-declining-balance method of depreciation? (Round your answers to the nearest whole dollar) The depreciation expense using the double-declining-balance method for 2024 is The depreciation expense using the double-declining-balance method for 2025 is Step by Step Solution
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