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Gotham Company purchased a new machine on October 1,2025, at a cost of $90,000. The...

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Accounting

Gotham Company purchased a new machine on October 1,2025, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 working hours during its 10-year life.
(a)
Compute depreciation using declining-balance using double the straight-line rate for 2025 and 2026.(Round answers to 2 decimal places, e.g 2,152.75.)
2025
2026
Depreciation using the declining-balance method
$
$
image

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