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On January 1 , 2 0 2 4 , Hobart Manufacturing Company purchased a drill press at a cost of $ 3 6 , 0
On January Hobart Manufacturing Company purchased a drill press at a cost of $ The drill press is expected to last
years and has a residual value of $ During its year life, the equipment is expected to produce units of product. In
and and units, respectively, were produced.
Required:
Compute depreciation for and and the book value of the drill press on December and December
assuming the unitsofproduction method is used.
Note: Round depreciation per unit to decimal places.
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