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Sandhill Company purchased a new machine on October 1, 2024, at a cost of $141,000. The company estimated that the machine will have a residual
Sandhill Company purchased a new machine on October 1, 2024, at a cost of $141,000. The company estimated that the machine will have a residual value of $9,300. The machine is expected to be used for 10,000 working hours during its 5year life. Sandhill Company's year-end is December 31. Calculate the depreciation expense under the straight-line method for 2024. Calculate the depreciation expense under the units-ofproduction method for 2024 , assuming machine usage was 1,900 hours. (Round depreciable amount per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 2,125 .) Compute the depreciation expense under the diminishingbalance method using double the straight-line rate for 2024 and 2025
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