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Compute the depreciation expense under the straight line

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Oriole Company purchased a new machine on October 1 2017. at a cost of $68,680. The company estimated that the machine has a salvage value 55,940. The machine is expected to be used for 70,000 working hours during its 6year life.

Question 1: Compute the depreciation expense under the straight line method for 2017 and 2018, assuming a December 31 year end. (Round answers to 0 decimal places, e.g. 5,175.)

Reference no: EM132489702

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