Question: Flounder Company purchased a new machine on October 1, 2022, at a cost of $110,000. The company estimated that the machine will have a

Flounder Company purchased a new machine on October 1, 2022, at acost of $110,000. The company estimated that the machine will have asalvage value of $10,000. The machine is expected to be used for

Flounder Company purchased a new machine on October 1, 2022, at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for 10,000 working hours during its 4-year life. (a) Compute the depreciation expense under straight-line method for 2022. Depreciation expense $ 2022 (b) Submit Answer Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,730 hours. (Round intermediate calculations to 1 decimal place, e.g.10.1 and final answer to O decimal places, e.g. 2,125.) Depreciation expense $ 2022 (c) Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023. (Round final answers to O decimal places, e.g. 2,125.) 2022 2023 Depreciation expense $ $

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