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Windsor, Inc. purchased a new machine on October 1, 2022 at a cost of $145,600. The company estimated that the machine has a salvage value
Windsor, Inc. purchased a new machine on October 1, 2022 at a cost of $145,600. The company estimated that the machine has a salvage value of $11,200. The machine is expected to be used for 112,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to 0 decimal place, e.g. 1520.) 2022 2023 Straight-line method $ 4200 $ 16800 Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Declining-balance method $ $
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