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brandytyler317fries
19.04.2021 •
Business
Sandhill Co. purchased a new machine on October 1, 2022, at a cost of $67,560. The company estimated that the machine has a salvage value of $6,900. The machine is expected to be used for 72,200 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round
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Ответ:
Results are below.
Explanation:
Giving the following formula:
Purchase price= $67,560
Salvage value= $6,900
Useful life= 6 years
To calculate the depreciation expense under the straight-line method, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (67,560 - 6,900) / 6
Annual depreciation= $10,110
2022:
Annual depreciation= (10,110/12)*3= $2,527.5
2023:
Annual depreciation= $10,110
Ответ:
e
Explanation:
e