Hinshaw company purchased a new machine on october 1 2014

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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.

Reference no: EM13588172

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