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Cullumber Company purchased a new machine on October 1, 2022, at a cost of $118,100....

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Cullumber Company purchased a new machine on October 1, 2022, at a cost of $118,100. The company estimated that the machine has a salvage value of $8,100. The machine is expected to be used for 110,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. (a) Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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