Property, plant, and Equipment  Birkey Company purchased equipment on January 1, 2020, at a total cost of $99,000. The machinery’s estimated useful life is 8 years or 60,000 hours, and its residual value is $9,000. During 2020 and 2021, the machinery was used 7,000 and 8,00 hours, respectively.   This information will be used for Parts 1, 2, and 3 of this problem.  It will be repeated in each part. Calculate the depreciation expense for 2020 using the straight-line method.   Show your calculations  Blank 1. Fill in the blank, read surrounding text.   2020 Depreciation Expense Straight-Line Method  Blank 2. Fill in the blank, read surrounding text.

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Q: Straight-line  (b) Units-of-output  (c) Working hours

A:

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