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Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $92,800....

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Accounting

Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $92,800. The company estimated that the machine has a salvage value of $8,600. The machine is expected to be used for 72,500 working hours during its 8-year life. Compute the depreciation expense under the straight-line method for 2014 and 2015, assuming a December 31 year-end.

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