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A company with a calendar year-end purchased a machine on 1/1/X1. The following information is available for 20X1: Cost $ 80,000 Estimated residual value $
A company with a calendar year-end purchased a machine on 1/1/X1. The following information is available for 20X1:
Cost $ 80,000
Estimated residual value $ 5,000
Total estimated number of hours of use 30,000 hours
Actual number of hours used in 20X1 3,500 hours
Padilla uses the units-of-activity (or units-of-production) depreciation method. How much depreciation expense should be recorded in 20X1? Do not use decimals or cents in the response.
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