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Book value ($) $35,000 (new) 29000 Thunderbird Manufacturing purchases a new stamping machine for $35,000. Its useful life is estimated to be 250,000 units
Book value ($) $35,000 (new) 29000 Thunderbird Manufacturing purchases a new stamping machine for $35,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. Thunderbird Manufacturing Units-of-Production Depreciation Schedule Stamping Machine End of Year Depreciation per Unit ($) Units Produced Annual Depreciation ($) Accumulated Depreciation ($) 1 $ 0.12 50,000 6000 2 $ 0.12 70,000 8400 3 0.12 45,000 5400 4 $ 0.12 66,000 7920 5 $ 0.12 30,000 $3600 6000 +A A A LA +A $
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