Wildhorse Co. purchased a new machine on October 1, 2022, at a cost of $90,000. The company estimated that the machine has a salvage value of $9,280. The machine is expected to be used for 72,900 working hours during its 8-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 2 decimal places, e. g. 5,275.25.)
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For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?
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Wildhorse Co. purchased a new machine on October 1, 2022, at a cost of $90,000. The company estimate...
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