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Answer :
Answer and Explanation:
The computation of the depreciation expense is shown below:-
As we know that
Depreciation expenses = (Machine value - Salvage value) ÷ Estimated useful life of assets
= ($68,880 - $5,940) ÷ 6
= $10,490
Now
Depreciation for 2022 is
= (Depreciation expenses × 3 months ÷ 12 months
= $10,490 × 3 months ÷ 12 months
= $2,623
And Depreciation for 2023 is $10,490
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Rewritten by : Barada
Answer above has proper calculations, rounded wrong.
2022: 2,622.5
2023: 10,490
