Jim Company bought a machine for $28,500 with an estimated life of 5 years. The...

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Accounting

Jim Company bought a machine for $28,500 with an estimated life of 5 years. The residual value of the machine is $5,500. This machine is expected to produce 115,000 units. In year 1, it produced 16,500 units, and in year 2,35,500 units. Assuming the units-ofproduction method, calculate the first 2 years' depreciation.
\table[[,Depreciation],[Year 1,],[Year 2,]]
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