On january 1 2002 top flight company purchased a machine, Financial Accounting

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On january 1 2002 top flight company purchased a machine

On January 1, 2002, Top Flight Company purchased a machine for $68,000. The estimated life of the machine was 5 years, and the estimated salvage value was $5,000.

Assume the company employs the sum-of-the-years-digits' method of depreciation. Calculate the depreciation expense recorded on the machine in 2004. Do not use decimals in your answer.

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Financial Accounting: On january 1 2002 top flight company purchased a machine

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