Exercise 9-20 (Part Level Submission) Cullumber Company purchased a new machine on October 1, 2017,...
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Exercise 9-20 (Part Level Submission) Cullumber Company purchased a new machine on October 1, 2017, at a cost of $92,300. The company estimated that the machine has a salvage value of $7,700. The machine is expected to be used for 68,700 working hours during its 8-year ife. Compute depreciation using the following methods in the year indicated. (a) Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 0 of 3 used SAME FOR LATH (b) The parts of this question must be completed in order. This pert wil be available when you complete the part above. rved. A Division of
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