Problem
Units-of-production depreciation is being used for a machine that, based on usage, has an allowable depreciation charge of $6500 the first year and increasing by $1000 each year until complete depreciation. If the machine's cost basis is $110,000, set up a depreciation schedule that shows depreciation charge and book value over the machine's 10-year useful life.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.