a Pharoah Company purchased a new machine on September 1, 2022, at a cost of...
50.1K
Verified Solution
Link Copied!
Question
Accounting
a Pharoah Company purchased a new machine on September 1, 2022, at a cost of $145,000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your Answer Correct Answer (Used) Your answer Compute the depreciation expense under the Declining-balance using double the straight-line rate for 2022 2023, and 2024 (Round answers to decimal places, e.g. 15250.) Depreciation expense for: 2022 = $ 58,000 2023 - $ 34,800 2024 $ 20,880 eTextbook and Media
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.