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Herasa Manufacturing purchased a new machine on Jan 1, 20X1 that was built to perform one function on its assembly line. Data pertaining to this
Herasa Manufacturing purchased a new machine on Jan 1, 20X1 that was built to perform one function on its assembly line. Data pertaining to this new machine are: Cost $580,000 Residual value (salvage) $13,000 Estimated service life 5 years Production output 100,000 units Using units of production method, what is the depreciation expense in Year 20X1 if they produced 30,000 units?
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