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Question 1 --11 View Policies Current Attempt in Progress Splish Corporation purchased a new machine for its assembly process on August 1, 2020. The cost
Question 1 --11 View Policies Current Attempt in Progress Splish Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $174,600. The company estimated that the machine would have a salvage value of $12,600 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 20,000 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, eg. 5.35 for computational purposes. Round your answers to O decimal places, eg. 45,892.) (a) Straight-line depreciation for 2020 - (b) Activity method for 2020, assuming that machine usage was 840 hours $ (c) Sum-of-the-years'-digits for 2021 (d) Double-declining-balance for 2021 eTextbook and Media Attempts: 0 of 3 used
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