Pharoah Company purchased a new machine on October 1, 2022, at a cost of $91,360. 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 8-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end.

Answer and Explanation:

The computation is shown below:

Depreciable cost is

= Cost of new machine - salvage value

= $91,360 - $8,000

= $83,360

Now

Depreciation expense:  

2022$2,605 ($83,360 ÷ 8 years ÷ 12 × 3 )

2023$10,420 ($83,360 ÷ 8  years)

hence, the same is to be considered

Therefore the depreciation expense for the year 2022 and 2023 is $2,605 and $10,420 respectively

idk the answer so dont listen to me but 23

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.