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Business, 25.11.2020 18:00 g6birt

Ivanhoe Company purchased a new machine on October 1, 2022, at a cost of $68,220. The company estimated that the machine has a salvage value of $6,540. The machine is expected to be used for 70,400 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end.

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Ivanhoe Company purchased a new machine on October 1, 2022, at a cost of $68,220. The company estima...
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