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A new machine is expected to produce 40,000 units of product during its 5-year life. The machine costs $18,000 and is estimated to have a

A new machine is expected to produce 40,000 units of product during its 5-year life. The machine costs $18,000 and is estimated to have a $ 2000 residual value. If the machine produces 7200 units of product during its first year, what is the depreciation expense $ for the year calculated by the units-of-production method? Blank 1

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