Concord Company purchased a new machine on October 1, 2020, at a cost of $114,800....
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Concord Company purchased a new machine on October 1, 2020, at a cost of $114,800. The company estimated that the machine will have a salvage value of $14,800. The machine is expected to be used for 10,000 working hours during its 4-year life.
Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,500 hours. (Round intermediate calculations to 1 decimal place, e.g.10.1 and final answer to 0 decimal places, e.g. 2,125.)
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