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On January 1, Year 1, the Starshina Company paid $25,000 for a photocopier. The company estimates that the photocopies will produce 1,000,000 copies and will
On January 1, Year 1, the Starshina Company paid $25,000 for a photocopier. The company estimates that the photocopies will produce 1,000,000 copies and will have an estimated residual value of $5,000. The company used to photocopier to make 220,000 copies during Year 1. The company uses the units-of-production method. What is the amount of depreciation expense for Year 1?
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