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Calculate the depreciation cost per hour

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Question

Blossom Company purchased a new machine on October 1, 2022, at a cost of $92,100. The company estimated that the machine has a salvage value of $7,260. The machine is expected to be used for 84,000 working hours during its 10-year life.

Compute depreciation using the following methods in the year indicated. Declining-balance using double the straight-line rate for 2022 and 2023.

Calculate the depreciation cost per hour.

Reference no: EM132408492

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