Question: Current Attempt in Progress Sandhill Limited purchased a machine on account on April 1, 2021, at an invoice price of $332,220. On April 2,

Current Attempt in Progress Sandhill Limited purchased a machine on account on April 1, 2021, at an invoice price of $332,220. On April 2, it paid $2,170 for delivery of the machine. A one-year, $3,960 insurance policy on the machine was purchased on April 5. On April 19, Sandhill paid $7,840 for installation and testing of the machine. The machine was ready for use on April 30. Sandhill estimates the machine's useful life will be five years or 6.153 units with a residual value of $77,180. Assume the machine produces the following numbers of units each year: 953 units in 2021; 1.483 units in 2022: 1.279 units in 2023; 1,390 units in 2024; and 1,048 units in 2025. Sandhill has a December 31 year end.

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