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Compute the depreciation expense under straight-line method

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Reference no: EM132750127

Sheridan Company purchased a new machine on October 1, 2022, at a cost of $119,000. The company estimated that the machine will have a salvage value of $12,500. The machine is expected to be used for 10,000 working hours during its 5-year life.

Problem (a) Compute the depreciation expense under straight-line method for 2022.

Reference no: EM132750127

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