(Answered) Deloise company purchased a new machine on september 1 2012

Accounting

Deloise Company purchased a new machine on September 1, 2012, at a cost of $91,920. The company estimated that the machine has a salvage value of $8,040. The machine is expected to be used for 71,200 working hours during its 8-year life.

Compute the depreciation expense under the straight-line method for 2012 and 2013, assuming a December 31 year-end.

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