Question: Problem Three: Kinder Company purchased a new machine on October 1, 2018, at a cost of $145,000. The company estimated that the machine will have

Problem Three: Kinder Company purchased a new machine on October 1, 2018, at a cost of $145,000. The company estimated that the machine will have a salvage value of $25,000.The machine is expected to be used for 20,000 working hours during its 5- year life. Instructions Compute the depreciation expense under the following methods for the year indicated. (a) Straight-line for 2018 and 2019. (b) Units-ofactivity for 2018 and 2019, assuming machine usage was 3,400 hours for 2018 and 12,200 for 2019

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