Exercise 255 (Part Level Submission)Jensen Company purchased a new mac

Exercise 255 (Part Level Submission)Jensen Company purchased a new machine on October 1, 2017, at a cost of $104,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 80,000 working hours during its 8-year life.Compute depreciation using the following methods in the year indicated.(a)Straight-line for 2017 and 2018, assuming a December 31 year-end.2017 2018Straight-line method $$

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