Question: Heatherbrae Co. uses the units-of-production method to estimate depreciation. The company purchased a new machine for $62,000 that will produce an estimated 470,000 units over

Heatherbrae Co. uses the units-of-production method to estimate depreciation. The company purchased a new machine for $62,000 that will produce an estimated 470,000 units over its useful life. The estimated residual value of the machine is $4,000. What is the depreciation rate per unit?

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