Question: Chapter 8 Assignment Question 3 of 7 View Policies Current Attempt in Progress Gotham Company purchased a new machine on October 1, 2022, at a

Chapter 8 Assignment Question 3 of 7 View Policies Current Attempt in Progress Gotham Company purchased a new machine on October 1, 2022, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 working hours during its 8-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to O decimal places, e.g. 5,275.) The depreciation expense under the straight-line method eTextbook and Media Save for Later 2022 2023 Attempts: 0 of 10 used Submit

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