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Jim Company bought a machine for $21.500 with an estimated life of 5 years. The residual value of the machine is $5,000. This machine is

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Jim Company bought a machine for $21.500 with an estimated life of 5 years. The residual value of the machine is $5,000. This machine is expected to produce 110.000 units. In year 1, it produced 14,000 units, and in year 2, 33,000 units. Assuming the units-of- production method, calculate the first 2 years' depreciation Depreciation Year! Year 2

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