Question: New machine that cost ( $ 100,000 ) is in service on July 1 st, 2022 with salvage value of ( $ 5,000 ) and

$New machine that cost \$ \\$ 100,000 \$ is in service$

New machine that cost \$ \\$ 100,000 \$ is in service on July 1 st, 2022 with salvage value of \$ \\$ 5,000 \$ and life of 10 years or 75000 hours Use straight line method assuming company uses a calendar year-end (Dec -31) 1. Depreciation expense year 1 2. Depreciation expense year 2 3. Book Value at end of year 3

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