Sandhill Co. purchased a new machine on October 1, 2022, at a cost of $110,100....
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Sandhill Co. purchased a new machine on October 1, 2022, at a cost of $110,100. The company estimated that the machine has a salvage value of $4,020. The machine is expected to be used for 102,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated.
(a)
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Declining-balance using double the straight-line rate for 2022 and 2023.
| 2022 | 2023 | |||
|---|---|---|---|---|
| Depreciation using the Declining-balance method | $enter a dollar amount | $enter a dollar amount |
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