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Rottino Company purchased a new machine on October 1, 2017, at a cost of $132,000. The company estimated that the machine will have a salvage
Rottino Company purchased a new machine on October 1, 2017, at a cost of $132,000. The company estimated that the machine will have a salvage value of $19,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Question 1 Rottino Company purchased a new machine on October 1, 2017, at a cost of $132,000. The company estimated that the machine will have a salvage value of $19,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line method for 2017. (Round answer to O decimal places, e.g. 2,125.) 201 Depreciation expense S 5650 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) X Your answer is incorrect. Try again. Compute the depreciation expense under units-of-activity for 2017, assuming machine usage was 1,500 hours. (Round depreciation cost per unit to 2 decimal places, eg. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answer to 2 decimal places, eg. 2,125.25.) 201 Depreciation expensesStep by Step Solution
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