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Resources | H X MyHCC MyLab and Mastering Course Home X P Do Homework - Lecture #9 - C X mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=641467108&questionld=11&flushed=true&cld=7257581&centerwin=yes ncial Accounting - Section 73295 Sayeli Estevez 04/03/23 10:24 PM Lecture #9 - Chapter 9 Homework Question 11, SF9-5 (book/static) HW Score: 98.41%, 13.78 of 14 points Part 2 of 2 Points: 0.78 of 1 Save On February 28, 2023, Rural Tech Support purchased a copy machine for $53,400. Rural Tech Support expects the machine to last for six years and to have a residual value of $3,000. Compute it K depreciation expense on the machine for the year ended December 31, 2023, using the straight-line method Begin by selecting the formula to calculate the company's depreciation expense on the machine for the year ended December 31, 2023. Then enter the amounts and calculate the depreciation expense. (Abbreviation used: Acc. = accumulated. Do not round intermediary calculations. Only round the amount you input for straight-line depreciation to the nearest dollar.) Straight-line Cost Residual Value ) + Useful Life ] x ( Number of Months + 12 ) = depreciation I( $ 53,400 $ 3,000 ) + 1 x ( 10 + 12 ) = $ 7,000 11 ive this Video Get more help - Try again