Solution-Compute the depreciation expense

Compute the depreciation expense

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Reference no: EM133087234

Question - Swinton Company purchased a new machine on October 1, 2012, at a cost of $120,000.

The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

Required - Compute the depreciation expense under the following methods for the year indicated.

(a) Straight-line for 2012.

(b) Units-of-activity for 2012, assuming machine usage was 1,700 hours.

Reference no: EM133087234

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Compute the depreciation expense

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Reference no: EM133087234

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