Brief Exercise 11-3 (Part Level Submission) Sheridan Company purchased machinery on January 1, 2017, for...
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Accounting
Brief Exercise 11-3 (Part Level Submission)
Sheridan Company purchased machinery on January 1, 2017, for $87,200. The machinery is estimated to have a salvage value of $8,720 after a useful life of 8 years.
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(a)
Compute 2017 depreciation expense using the sum-of-the-years'-digits method.
Depreciation expense
$
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