Business, 09.04.2021 02:00 222364

Sheridan Company purchased a new machine on October 1, 2022, at a cost of $104,100. The company estimated that the machine has a salvage value of $7,140. The machine is expected to be used for 96,000 working hours during its 10-year life. Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. Depreciation Expense 2022 2023
(1) Straight-line method $enter a dollar amount $enter a dollar amount
(2) Units-of-activity method $enter a dollar amount $enter a dollar amount
(3) Double-declining-balance method $enter a dollar amount $enter a dollar amount

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Sheridan Company purchased a new machine on October 1, 2022, at a cost of $104,100. The company esti...

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