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Wildhorse Co. purchased a new machine on October 1, 2022, at a cost of $90,100. The company estimated that the machine has a salvage value
Wildhorse Co. purchased a new machine on October 1, 2022, at a cost of $90,100. The company estimated that the machine has a salvage value of $6,460. The machine is expected to be used for 82,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. (a) * Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 18020 $ 14416
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