Solved: It is to be depreciated by the units-of-production method, Accounting Basics

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It is to be depreciated by the units-of-production method

Question - A machine with a cost of $77,874.00 has an estimated residual value of $4,295.00 and an estimated life of 3 years or 18,120 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 3,266 hours?

$49,052.67

$14,036.23

$24,526.33

$13,262.09

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Accounting Basics: It is to be depreciated by the units-of-production method

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Accounting Basics: It is to be depreciated by the units-of-production method

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