Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $117,000. The machine's useful life is estimated to be 10 years, or 130,000 units of product, with a $3,000 salvage value. During its second year, the machine produces 10,400 units of product. Determine the machines' second year depreciation under the straight-line method.

$11,400

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $117,000 - $3,000) / 10 = $11,400

the straight line depreciation method allocates the same depreciation expense for each year. so, the depreciation expense would be $11,400

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c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number