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Jim Company bought a machine for $47,340 with an estimated life of 5 years. The residual value of the machine is $6,700. This machine
Jim Company bought a machine for $47,340 with an estimated life of 5 years. The residual value of the machine is $6,700. This machine is expected to produce 127,000 units. In year 1, it produced 22,500 units, and in year 2, 41,500 units. Assuming the units-of- production method, calculate the first 2 years' depreciation. Depreciation Year 1 Year 2
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Forensic Accounting and Fraud Examination
Authors: Mary Jo Kranacher, Richard Riley, Joseph T. Wells
1st edition
047043774X, 978-0470437742
