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QUESTION
Company purchased a new machine on September 1, 2010, at a cost of $95,640. The company estimated that the machine has a salvage value of $8,280.
Company purchased a new machine on September 1, 2010, at a cost of $95,640. The company estimated that the machine has a salvage value of $8,280. The machine is expected to be used for 72,000 working hours during its 8-year life.Compute the depreciation expense under the straight-line method for 2010 and 2011, assuming a December 31 year-end.
