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Wildhorse Co. purchased a new machine on October 1,2022 , at a cost of $88,000. The company estimated that the machine has a salvage value
Wildhorse Co. purchased a new machine on October 1,2022 , at a cost of $88,000. The company estimated that the machine has a salvage value of $8,480. The machine is expected to be used for 71,500 working hours during its 8 -year life. Compute the depreciation expense under the straight-line method for 2022 and 2023 , assuming a December 31 year-end. (Round answers to O decimal places, es. 5.275.)
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