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Compute the depreciation expense under the straight-line

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Question

Oriole Company purchased a new machine on October 1, 2022, at a cost of $68,880. The company estimated that the machine has a salvage value of $5,940. The machine is expected to be used for 48,880 working hours during its 6-year life.

Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end.

Reference no: EM132408465

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