Question
1: Jim Company bought a machine for $18,840 with an estimated life of 5 years. The residual value of the machine is $4,800. This machine
1: Jim Company bought a machine for $18,840 with an estimated life of 5 years. The residual value of the machine is $4,800. This machine is expected to produce 108,000 units. In year 1, it produced 13,000 units, and in year 2, 32,000 units.
| Assuming the units-of-production method, calculate the first 2 years depreciation.
|
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
047116920X, 978-0471169208
