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Hearth Company uses the units-of-production method to estimate depreciation. The company purchased a new machine for $64,000 that will produce an estimated 490,000 units over

Hearth Company uses the units-of-production method to estimate depreciation. The company purchased a new machine for $64,000 that will produce an estimated 490,000 units over its useful life. The estimated residual value of the machine is $6,000. What is the depreciation rate per unit? Multiple Choice $113 $0.13 $1.12 $0.12

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