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Sable Company paid cash for assembly equipment for $558,000 on January 1, Year 1. The equipment is expected to have a useful life of 310,000
Sable Company paid cash for assembly equipment for $558,000 on January 1, Year 1. The equipment is expected to have a useful life of 310,000 machine hours and a salvage value of $31,000. Actual machine-hour use was as follows:
Year 1: 78,000
Year 2: 83,000
Year 3: 64,000
Year 4: 58,000
Year 5: 32,000
Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. Note: Do not round intermediate calculationsStep by Step Solution
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