Question: Problem #2: Depreciation Methods (Show your work) Numo Company purchased a new machine on January 1, 2023, at a cost of $165,000. The company estimated

Problem #2: Depreciation Methods (Show your work) Numo Company purchased a new machine on January 1, 2023, at a cost of $165,000. The company estimated that the machine will have a salvage value of $35,000. The machine is expected to be used for 20,000 working hours during its 8-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2023 and 2024. (b) Units-of-activity for 2023, assuming machine usage was 3,800 hours. (c) Doclining-balance using double the straight-line rate for 2023 and 2024.

Problem \#2: Depreciation Methods (Show your work) Numo Company purchased a new machine on January 1,2023, at a cost of $165,000. The chlony estimated that the machine will have a salvage value of $35,000. The machine is expected to be used for 20,000 working hours during its 8-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2023 and 2024. (b) Units-of-activity for 2023, assuming machine usage was 3,800 hours. (c)

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