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On January 1, 2025, Taco Loco purchased a new taco shell maker for $4,000, with an estimated 4-year life and a $1,000 salvage value. The
On January 1, 2025, Taco Loco purchased a new taco shell maker for $4,000, with an estimated 4-year life and a $1,000 salvage value. The company estimates it can make a total of 250,000 tacos over the asset's life. During 2025, Taco Loco produced 50,000 tacos. What amount of depreciation expense will Taco Loco record during 2025 for the taco shell machine? (Round per unit cost to 4 decimal places, e.g. 0.0750 and final answer to O decimal places, e.g.
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