The Wickland Company installs a manufacturing machine in its production plant at the beginning of the year
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The Wickland Company installs a manufacturing machine in its production plant at the beginning of the year at a cost of $97,000. The useful life of the machine is estimated to be 20 years, or 340,000 units of product, with a salvage value of $3,000. During its second year, the machine produces 13,600 units of product. Determine the second-year depreciation of the machines using the units-of-production method. (Do not round intermediate calculations.) |
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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