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Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $86,360. The company estimated that the machine has a salvage value of $8,660. The machine is expected to be used for 63,540 working hours during its 8-year life.
1. Declining-balance using double the straight-line rate for 2014 and 2015.
2. Calculate the depreciation cost per hour.
3. Units-of-activity for 2014, assuming machine usage was 4,470 hours.
I keep on getting random answers that doesn't even make sense to myself
1. Declining-balance using double the straight-line rate for 2014 and 2015.
2. Calculate the depreciation cost per hour.
3. Units-of-activity for 2014, assuming machine usage was 4,470 hours.
I keep on getting random answers that doesn't even make sense to myself
Compute depreciation using the following methods in the year indicated.?
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