Pina Colada Corp. purchased a new machine on October 1, 2022, at a cost of ( $ 127,000 ). The company estimated that the machine will have a salvage value of ( $ 16,500 ). The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line metho solutionspile.com

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Pina Colada Corp. purchased a new machine on October 1, 2022, at a cost of  (  $ 127,000  ). The company estimated that the machine will have a salvage value of  (  $ 16,500  ). The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under straight-line method for 2022. eTextbook and Media Solution Attempts: 3 of 3 used (b) Your answer is correct. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,800 hours. (Round depreciable cost per unit to 2 decimal places, e.g.  ( 0.50  ) and final answer to 0 decimal places, e.g. 2,125.) eTextbook and Media Attempts: 1 of 3 used (c) Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023. solutionspile.com

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