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Hillary company purchased a new machine on september 1 2007

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Hillary Company purchased a new machine on September 1, 2007, ata cost of $96,000. The company estimated that the machine has asalvage value of $6,000. The machine is expected to be used for70,000 working hours during its 8-year life.

Compute the depreciation expense under the straight-line methodfor 2007 and 2008, assuming a December 31 year-end.

Reference no: EM13614857

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