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Ivanhoe Company purchased a new machine on October 1, 2025, at a cost of $76,100....

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Accounting

Ivanhoe Company purchased a new machine on October 1, 2025, at a cost of $76,100. The company estimated that the machine has a salvage value of $6,060. The machine is expected to be used for 68,000 working hours during its 10-year life. (a) Your answer is correct. Compute depreciation using declining-balance using double the straight-line rate for 2025 and 2026. (Round answers to 2 decimal places, eg 2,152.75.)
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Ivanhoe Company purchased a new machine on October 1,2025 , at a cost of $76,100. The company estimated that the machine has a stwage value of $6,060. The morhine is enmected to be uked for 68,000 working hours during its 10 vear life. (a) Compute depreciation using decliniry balance using double the straight-line rate for 2025 and 2026 . (Round answers to 2 decinal ploces, eg 2,152.75) Calculate the depreciation cost per hour. (Round answer to 2 decimal places, eg. 1.25) Depreciation cost per hour Compute depreciation using units-of-activity for 2025, assuming machine usage was 500 hours. (Round answer to 0 decimal ploces, es. 5,275 ] Depreciation using the units-of-activity method for 2025

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