Downing Company purchased a new machine on September 1, 2010, at a cost of $99,141. The company estimated that the machine has a salvage value of $6,719. The machine is expected to be used for 70,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. (Round all answers to 0 decimal places, e.g. 2,510.)(a)
Downing Company purchase
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