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Business, 24.04.2020 19:56 landofliam30

Cullumber Company purchased a new machine on October 1, 2022, at a cost of $74,100. The company estimated that the machine has a salvage value of $5,460. The machine is expected to be used for 66,000 working hours during its 10-year life.
Required:
1. Compute depreciation using the following methods in the year indicated.
a. Declining-balance using double the straight-line rate for 2022 and 2023.
b. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e. g. $1.25)

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Cullumber Company purchased a new machine on October 1, 2022, at a cost of $74,100. The company esti...
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