Question: Using the data in PE 9-74 and the sum-of-the-years-digits method of depreciation, compute depreciation expense for the first two years. Data from PE 9-74 Cost

Using the data in PE 9-74 and the sum-of-the-years’-digits method of depreciation, compute depreciation expense for the first two years.

Data from PE 9-74

Cost of machine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000
Estimated useful life (years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 years
Salvage value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000

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