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The balance of the estimated warranty liability account was $12,500 on January 1 2013 and $17,200 on December 31 2013. Based on an analysis of
The balance of the estimated warranty liability account was $12,500 on January 1 2013 and $17,200 on December 31 2013. Based on an analysis of warranty claims during the past several years this year's warranty provision was established at 1.5% of sales and sales during the year were #1,300.000.
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