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Compute the depreciation expense under straight-line

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Reference no: EM132317020

Question

Sheridan Company purchased a new machine on October 1, 2020, at a cost of $119,000. The company estimated that the machine will have a salvage value of $12,500. The machine is expected to be used for 10,000 working hours during its 4-year life.

Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.)

Depreciation expense

Reference no: EM132317020

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