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Thunderbird Manufacturing purchases a new stamping machine for $40,000. 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 $40,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. Thunderbird Manufacturing Units-of-Procluction Depreciation Schedule Stamping Machine End of Year Depreciation per Unit ($) Units Produced Annual Depreciation (s) Accumulated Depreciation ($) Book value ($) $40,000 (new) 1 $: some 35:] is: is: 2 $: 70,000 25:] v: 5;: 3 r: 45,000 $:] 2*: 5*: 4 $: 65,000 3;: 25:] 55$ 5 $: 30,000 35:] $: r
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