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Schrade Company bought a machine for $124,000 cash. The estimated useful life was four years, and the estimated residual value was $6,960. Assume that the
Schrade Company bought a machine for $124,000 cash. The estimated useful life was four years, and the estimated residual value was $6,960. Assume that the estimated useful life in productive units is 133,000. Units actually produced were 56,000 in year 1 and 58,000 in year 2. |
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