Monty Corp. purchased a new machine on October 1, 2022, at a cost of $124,000....
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Monty Corp. purchased a new machine on October 1, 2022, at a cost of $124,000. The company estimated that the machine will have a salvage value of $15,000. The machine is expected to be used for 10,000 working hours during its 5 -year life. (a) Compute the depreciation expense under straight-line method for 2022. eTextbook and Media Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,860 hours. (Round depreciable cost per unit to 2 decimal ploces, es. 0.50 and final answer to 0 decimal places, e.g. 2,125
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