Question: (c) Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (Round answers to 0 decimal places, e.g. 2,125.) 2020


(c) Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (Round answers to 0 decimal places, e.g. 2,125.) 2020 2021 Depreciation expense S $ Show Work is REQUIRED for this question: Open Show Work Monty Company purchased a new machine on October 1, 2020, at a cost of $110,900. The company estimated that the machine will have a salvage value of $10,900. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer has been saved and sent for grading. See Gradebook for score details. Compute the depreciation expense under straight-line method for 2020. (Round answer to o decimal places, e.g. 2,125.) 2020 Depreciation expense 5000 Show Work is REQUIRED for this question: Open Show Work Attempts: 1 of 1 used (b) Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,530 hours. (Round intermediate calculations to 1 decimal place, e.g.10.1 and final answer to 0 decimal places, e.g. 2,125.) 2020 Depreciation expense
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