Question
Sunland Company purchased a new machine on October 1, 2022, at a cost of $67,380. The company estimated that the machine has a salvage value
Sunland Company purchased a new machine on October 1, 2022, at a cost of $67,380. The company estimated that the machine has a salvage value of $6,180. The machine is expected to be used for 70,200 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5,275.)
2022 | 2023 | |||
---|---|---|---|---|
The depreciation expense under the straight-line method | $enter a depreciation expense rounded to 0 decimal places | $enter a depreciation expense rounded to 0 decimal places |
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