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Spangle Corporation uses the unit-of-production method to estimate depreciation. The company purchased a new machine for $54,000 that will produce an estimated 390,000 units over

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Spangle Corporation uses the unit-of-production method to estimate depreciation. The company purchased a new machine for $54,000 that will produce an estimated 390,000 units over its useful life. The estimated residual value of the machine is $2,000. What is the depreciation rate per unit? $1.14 ooo $0.14 $0.13 $113

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