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Sheridan Company purchased a new machine on October 1, 2017, at a cost of $66,840. The company estimated that the machine has a salvage value

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Sheridan Company purchased a new machine on October 1, 2017, at a cost of $66,840. The company estimated that the machine has a salvage value of $6,720. The machine is expected to be used for 70,100 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to O decimal places, e.g. 5,275 2017 2018 The depreciation expense under the straight-line method

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