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Riverbed Company purchased a new machine on October 1, 2022, at a cost of $111,300. The company estimated that the machine will have a salvage
Riverbed Company purchased a new machine on October 1, 2022, at a cost of $111,300. The company estimated that the machine will have a salvage value of $11,300. The machine is expected to be used for 10,000 working hours during its 5-year life.
Compute the depreciation expense under straight-line method for 2022.
2022 | ||
---|---|---|
Depreciation expense | $enter a dollar amount |
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