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Schrade Company bought a machine for $102,000 cash. The estimated useful life was four years, and the estimated residual value was $6,060. Assume that the
Schrade Company bought a machine for $102,000 cash. The estimated useful life was four years, and the estimated residual value was $6,060. Assume that the estimated useful life in productive units is 123,000. Units actually produced were 46,000 in year 1 and 48,000 in year 2.
1. | Determine the appropriate amounts to complete the following schedule. |
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