Jim Company bought a machine for $42,360 with an estimated life of 5 years. The...
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Accounting
Jim Company bought a machine for $42,360 with an estimated life of 5 years. The residual value of the machine is $6,400. This machine is expected to produce 124,000 units. In year 1, it produced 21,000 units, and in year 2,40,000 units. Assuming the units-ofproduction method, calculate the first 2 years' depreciation
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