Homework Answers
Annual depreciation = (Cost - salvage value)/useful life
= (80,360 - 7,910)/7 = $10,350
2022 depreciation = 10,350 x 3/12 = $2,587.50
2023 depreciation = $10,350
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Sunland Company purchased a new machine on October 1, 2022, at a cost of $80,360. The...
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