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Switty Corporation purchased a new machine on October 1,2022 , at a cost of $115,000. The company estimated that the machine will have a salvage
Switty Corporation purchased a new machine on October 1,2022 , at a cost of $115,000. The company estimated that the machine will have a salvage value of $10,500. The machine is expected to be used for 10,000 working hours during its 5 -year life. Compute the depreciation expense under straight-line method for 2022. eTextbook and Media Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,760 hours. (Round depreciable cost per unit to 2 decimol places, eg. 0.50 and final answer to 0 decimal ploces, e.s. 2.125.) Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023
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