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On June 1, 2017, new equipment was purchased for use in the factory. The equipment cost $1,200,000 and has a residual value of $180,000. The
On June 1, 2017, new equipment was purchased for use in the factory. The equipment cost $1,200,000 and has a residual value of $180,000. The equipment has an estimated production capacity of 800,000 units. The equipment produced the following number of units over the past four years: 2017224,000 units; 2018216,000 units; 2019 208,000 units; and 2020168,000 units. Assuming the company uses the units-of-production method, complete the following table. Do not round the per unit cost of depreciation in your calculations.
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