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Thunderbird Manufacturing purchases a new stamping machine for $35,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare

Thunderbird Manufacturing purchases a new stamping machine for $35,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. Thunderbird Manufacturing Units-of-Production Depreciation Schedule Stamping Machine End of Year Depreciation per Unit ($) Units Produced Annual Depreciation ($) Accumulated Depreciation ($) Book value ($) $35,000 (new) 1 $ 50,000 $ $ $ 2 $ 70,000 $ $ $ 3 $ 45,000 $ $ $ 4 $ 66,000 $ $ $ 5 $ 30,000 $ $ $

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