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On July 1, 2022, JUMP Company purchased a machine for $78,000. The machine, which will be depreciated using the units of production method, was assigned

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On July 1, 2022, JUMP Company purchased a machine for $78,000. The machine, which will be depreciated using the units of production method, was assigned a $12,000 residual value and a 10-year life. The machine is expected to be used to produce a total of 120,000 units over its useful life. The machine was used to produce 7,600 units in 2022 and 14,300 units in 2023. The amount of accumulated depreciation related to the machine that would appear JUMP Company's December 31, 2023 balance sheet would be equal to: $9,345 $9,900 $9,955 $11,765 $12,725 $13,200 $14,235 none of the above choices are correct

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