Wildhorse Co. purchased a new machine on October 1, 2022 at a cost of $249,600....
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Wildhorse Co. purchased a new machine on October 1, 2022 at a cost of $249,600. The company estimated that the machine has a salvage value of $19,200. The machine is expected to be used for 192,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. (a) Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to O decimal place, e.g. 1520.) 2022 Straight-line method 2023 $
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