Depreciation expense under the straight-line method

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Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $87,200. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,200 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2014 and 2015, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 125.)

Reference no: EM13913797

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