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Exercise 9-5 Oriole Company purchased a new machine on October 1, 2017, at a cost...

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Accounting

Exercise 9-5

Oriole Company purchased a new machine on October 1, 2017, at a cost of $90,240. The company estimated that the machine has a salvage value of $8,800. The machine is expected to be used for 70,300 working hours during its 8-year life. 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. 5,275.)

2017 2018 The depreciation expense under the straight-line method $Enter a dollar amount for year 2017 $Enter a dollar amount for year 2018

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