On november 1, 2016, blossom company places a new asset into service. the cost of the asset is $73000 with an estimated 10-year life and $11000 salvage value at the end of its useful life. what is the depreciation expense for 2017 if blossom company uses the straight-line method of depreciation

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection