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Walter Melon company uses the units of activity method for depreciation. It purchases a new vegetable washing machine for 34000 that will wash an estimated
Walter Melon company uses the units of activity method for depreciation. It purchases a new vegetable washing machine for 34000 that will wash an estimated 110000 vegetables over its useful life. Estimated salvage value at the end of its useful life is 4000.
assuming 22000 vegetables were washed in its first year of use, what would be the correct depreciation expense to record for the year?
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