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Hansen Supermarkets purchased a radio frequency identification (RFID) system for one of its stores at...

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Accounting

Hansen Supermarkets purchased a radio frequency identification (RFID) system for one of its stores at a cost of $150,000. Hansen determined that the system had an expected life of seven years (or 50,000,000 items scanned) and an expected residual value of $7,500.

Compute the book values for the units-of-production method as of the end of the first and second years of the system's life.

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