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Pharoah Company purchased a new machine on September 1, 2022, at a cost of $145,000....

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Accounting

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Pharoah Company purchased a new machine on September 1, 2022, at a cost of $145,000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5-year life (a) Your answer is correct Compute the depreciation expense under the Straight-line method for 2022 2023, and 2024. (Round answers to decimal places, 6.8. 15250) Depreciation expense for 2022-5 8733 2023-$ 26200 2024 - 5 26200 e Textbook and Media (6) Compute the depreciation expense under the Units-of-activity for 2022, assuming machine usage was 940 hours Depreciation expense for 2022 - $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit

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