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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.
Compute the depreciation expense under declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 2,125.)
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