At the beginning of the year, RU Company purchased a machine that cost $200,000. It has an
Question:
At the beginning of the year, RU Company purchased a machine that cost $200,000. It has an estimated four-year life and a residual value of $20,000. The machine is expected to be used for a total of 6,000 hours over the four years. During the year, it was used for 1,720 hours.
Required:
How much is the depreciation for the year under the units-of-production method?
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