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Trancon Inc. purchased machinery that cost $20,000 and had a residual value of $3,000. It is expected to produce 20,000 units over its life. Year

Trancon Inc. purchased machinery that cost $20,000 and had a residual value of $3,000. It is expected to produce 20,000 units over its life. Year 2010 2011 2012 Units Produced 9,000 6,000 3,000 Using the Units-of-Production method, determine the book value at the end of 2012?

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