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Wildhorse Co. purchased a new machine on October 1, 2017, at a cost of $88,000. The company estimated that the machine has a
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Answer #1

Annual depreciation=(Cost-Salvage value)/Useful Life

=(88,000-8400)/8=$9950

Hence depreciation for:

2017=9950*(3/12)=$2488(Approx)(Period from October 1,2017-December 31,2017)

2018=9950

2017 2018
Depreciation expense under straight line method 2488 9950
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Answer #2
2017 = 2487.50 2018= 9950.00
answered by: Rodriguez Family
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