Question: On January 1 , 2 0 2 3 , a machine was purchased for $ 1 1 5 , 0 0 0 . The machine

On January 1,2023, a machine was purchased for $115,000. The machine has an estimated salvage value of $9,400 and an estimated useful life of 5 years. The machine can operate for 120,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023,24,000 hours; 2024,30,000 hours; 2025,18,000 hours; 2026,36,000 hours; and 2027,12,000 hours.
(a)
(b)
Your answer is partially correct.
Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to 0 decimal places, e.g.45,892.)
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On January 1 , 2 0 2 3 , a machine was purchased

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