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Sheridan Company purchased a new machine on October 1, 2025; at a cost of $104,100. The company estimated that the machine has a salvage value

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Sheridan Company purchased a new machine on October 1, 2025; at a cost of $104,100. The company estimated that the machine has a salvage value of $7,140. The machine is expected to be used for 96,000 working hours during its 10 -year life. (a) Compute depreciation using declining-balance using double the straight-line rate for 2025 and 2026, (Round answers to 2 decimal places, e.s 2,152.75.)

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