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Monty Corp. purchased a new machine on October 1, 2022, at a cost of $124,000. The company estimated that the machine will have
a salvage value of $15,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
(a)
Compute the depreciation expense under straight-line method for 2022.
Depreciation expense $
2022

Sagot :

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