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View Policies Show Attempt History Current Attempt in Progress Marigold Corp. purchased a new machine on October 1, 2022, at a cost of $116,000. The company estimated that the machine will have a salvage value of $11,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line method for 2022. Depreciation expense S eTextbook and Media 2022 5250
(b) Your answer is correct. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,670 hours. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and final answer to 0 decimal places, e.g. 2,125.) Depreciation expense $ eTextbook and Media 2022 17,535 Attempts: 1 of 3 used
(c) Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023. Depreciation expense $ eTextbook and Media Save for Later 2022 2023 Attempts: 0 of 3 used Submit Answer