On January 1, 2018, Bark Manufacturing Company Ltd. purchased a machine for $27,500, and expects to use the machine a total of 32,000 hours over the next four years. Bark set the residual value on the machine at $3,500. Bark used the machine 6,000 hours in 2018 and 7,200 hours in 2019. What is the amortization expense in 2019 if Bark uses straight-line amortization?

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Answer To calculate the amortization expense for Bark Manufacturing Company Ltd in 2019 using the s... View the full answer