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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 1,2024, Hobart Manufacturing Company purchased a drill press at a cost of $36,000. The drill press is expected to last 10
years and has a residual value of $6,000. During its 10-year life, the equipment is expected to produce 500,000 units of product. In
2024 and 2025,25,000 and 84,000 units, respectively, were produced.
Required:
Compute depreciation for 2024 and 2025 and the book value of the drill press on December 31,2024 and December 31,2025,
assuming the units-of-production method is used.
Note: Round depreciation per unit to 2 decimal places.
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