Question: Final Exam for ACC 3 3 4 Question 1 7 of 2 2 . ? 6 Sheridan Company purchased machinery on January 1 , 2

 Final Exam for ACC 334 Question 17 of 22 .?6 Sheridan

Final Exam for ACC 334
Question 17 of 22
.?6
Sheridan Company purchased machinery on January 1,2025, for $85,600. The machinery is estimated to have a salvage value of $8,560 after a useful life of 8 years.
(a)
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Compute 2025 depreciation expense using the sum-of-the-years'-digits method.
Depreciation expense
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(b)
Compute 2025 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1,2025.(Do not round intermediate calculations. Round final answer to 0 decimal places, e.g.5,125.)
Answer (b)
Company purchased machinery on January 1,2025, for $85,600. The machinery is estimated

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