Question: Question 3 --/1 View Policies Current Attempt in Progress Oriole Company purchased a new machine on October 1, 2022, at a cost of $68,880. The

Question 3 --/1 View Policies Current Attempt in Progress Oriole Company

Question 3 --/1 View Policies Current Attempt in Progress Oriole Company purchased a new machine on October 1, 2022, at a cost of $68,880. The company estimated that the machine has a salvage value of $5,940. The machine is expected to be used for 48,880 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 2 decimal places, e.g. 5,275.25.) 2022 2023 The depreciation expense under the straight-line method $ e Textbook and Media

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