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Sarasota Company purchased a new machine on October 1, 2020, at a cost of $113,500. The company estimated that the machine will have a salvage
Sarasota Company purchased a new machine on October 1, 2020, at a cost of $113,500. The company estimated that the machine will have a salvage value of $13,500. 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 2020. (Round answer to O decimal places, e.g. 2,125.) 2020 (b) Depreciation expense eTextbook and Media 5000 Attempts: 1 of 3 used Your answer is incorrect. Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,620 hours, (Round Intermediate calculations to 1 decimal place, eg.10.1 and final answer to O decimal places, e.g. 2,125.) Depreciation expense 2020
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