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QUESTION 5 A company uses the units of production method to depreciate its equipment. The following information is available for equipment purchased on July 1,

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QUESTION 5 A company uses the units of production method to depreciate its equipment. The following information is available for equipment purchased on July 1, 2018. Cost: $9,400 Life: 21,500 units over 5 years Salvage: $800 Production in 2018: 1,980 units Production in 2019: 4,150 units The book value of the equipment on December 31, 2019 would be: A. $ 7,344 B. $ 6,720 C. $6,820 D. $6,580 E. $ 6,948

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