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Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was $23,000. Its estimated residual value was $7,000 at the end
Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was $23,000. Its estimated residual value was $7,000 at the end of an estimated 5-year life. The company expects to produce a total of 20,000 units Calculate the depreciation expense for 2016 and 2017 using the units-of-production method.
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