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Sunland Company purchased a new machine on October 1,2025, at a cost of $80,360. The...

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Accounting

Sunland Company purchased a new machine on October 1,2025, at a cost of $80,360. The company estimated that the machine has
salvage value of $8,120. The machine is expected to be used for 70,800 working hours during its 7-year life.
Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 year-end.
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