Klein Company uses the units-of-activity method in computing depreciation. A new machine is purchased for...
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Klein Company uses the units-of-activity method in computing depreciation. A new machine is purchased for $ 53,388 that will produce an estimated 424,144 units over its 19-year useful life. Estimated salvage value at the end of its useful life is $3,691. If 6,976 units were produced this year, what is the depreciation depreciation expense rounding to the nearest one dollar? Do not do any intermediate rounding which means do not round the depreciable cost per unit but do round your final answer for depreciation expense to the nearest one dollar.
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