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A lathe machine cost P300000 brand new with a salvage value of P15000 is expected to last for 28,000 hours and to be used for
A lathe machine cost P300000 brand new with a salvage value of P15000 is expected to last for 28,000 hours and to be used for 150,000 units in the span of 5 years. In the first year of service it was used for 8000 hours and produced 40,000 units. Compute for the depreciation for the first year using service-output method
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