Question: RED OUTLINE MEANS INCORRECT ANSWER, IDK what is wrong Pharoah Limited purchased a machine on account on April 1, 2024, at an invoice price of

RED OUTLINE MEANS INCORRECT ANSWER, IDK what is wrong Pharoah Limited purchased a machine on account on April 1, 2024, at an invoice price of $356,620. On April 2, it paid $2,130 for delivery of the machine. A one-year, $3,970 insurance policy on the machine was purchased

RED OUTLINE MEANS INCORRECT ANSWER, IDK what is wrong

Pharoah Limited purchased a machine on account on April 1, 2024, at an invoice price of $356,620. On April 2, it paid $2,130 for delivery of the machine. A one-year, $3,970 insurance policy on the machine was purchased on April 5. On April 19, Pharoah paid $7,590 for installation and testing of the machine. The machine was ready for use on April 30. Pharoah estimates the machine's useful life will be five years or 6,212 units with a residual value of $73,690. Assume the machine produces the following numbers of units each year: 896 units in 2024;1,400 units in 2025; 1,405 units in 2026; 1,396 units in 2027 ; and 1,115 units in 2028. Pharoah has a December 31 year end. Assume that the company, after recording depreciation using the straight-line method, for the first four months of 2026 , determined on May 1, 2026 that the machine could be operated for one more year than originally estimated. Because of this, the residual value at the end of this revised useful life would now be $54,007. Calculate the depreciation expense to the end of the useful life. anlaintathn dammanintian numanmatathannd aft he useful life. Calculate the depreciation expense for the machine for the year ended December 31, 2026. Depreciation expense $

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