Question: Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of $6,780 and

Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of

Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of $6,780 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 22,600 hrs; 2016, 28,250 hrs; 2017, 16,950 hrs; 2018, 33,900 hrs; and 2019, 11,300 hrs

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