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Question 3 Martinez Company purchased a new machine on October 1, 2020, at a cost of $113,700. The company estimated that the machine will have
Question 3 Martinez Company purchased a new machine on October 1, 2020, at a cost of $113,700. The company estimated that the machine will have a salvage value of $13,700. The machine is expected to be used for 10,000 working hours during its 4-year life. (a) Your answer is incorrect. Try again Compute the depreciation expense under straight-line method for 2020. (Round answer to O decimal places, e.g. 2,125 2020 Depreciation expense 25000 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 4 of 4 used Your answer is incorrect. Try again. Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,860 hours. (Round intermediate calculations to 1 decimal place, e.g.10.1 and final answer to 0 decimal places, e.g. 2,125.) 2020
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