Business, 09.04.2021 01:00, sampurple123

Sunland Company purchased a new machine on October 1, 2022, at a cost of $80,360. The company estimated that the machine has a salvage value of $7,910. The machine is expected to be used for 70,800 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end.

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Sunland Company purchased a new machine on October 1, 2022, at a cost of $80,360. The company estima...