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On January 1, 2016, Trevino, Inc. purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an

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On January 1, 2016, Trevino, Inc. purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of three years and a residual value of $3,000. Assume that units produced by the machine will total 16,000 during 2016, 23,000 during 2017, and 21, 000 during 2018. Use this information to complete the following table

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