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Suppose that Oriole purchased a new machine on October 1,2025 at a cost of $416,000....

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Accounting

Suppose that Oriole purchased a new machine on October 1,2025 at a cost of $416,000. The company estimated that the machine has a salvage value of $32,000. The machine is expected to be used for 320,000 working hours during its 8-year life.
Compute depreciation using the following methods in the year indicated.
(a)
Your answer has been saved. See score details after the due date.
Straight-line for 2025 and 2026, assuming a December 31 year-end.
\table[[,2025,2026],[Straight-line method $,$,]]
Attempts: 1 of 1 used
(b)
Declining-balance using double the straight-line rate for 2025 and 2026.
2025
2026
image

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