Sheffield Automotive purchased equipment on October 1, 2024, at a total cost of $176.000. The machine has an estimated useful life of eight years or 100.000 hours, and an estimated residual value of $36,000. During 2024 and 2025, the machinery was used 6.000 and 14,400 hours, respectively. Calculate depreciation expense at December 31, 2024 and December 31, 2025, under

Sep 8, 2023

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Sheffield Automotive purchased equipment on October 1, 2024, at a total cost of $176.000. The machine has an estimated useful life of eight years or 100.000 hours, and an estimated residual value of $36,000. During 2024 and 2025, the machinery was used 6.000 and 14,400 hours, respectively. Calculate depreciation expense at December 31, 2024 and December 31, 2025, under
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