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On June 30, 2021, Prego Equipment purchased a precision laser-gulded steel punch that has an...

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Accounting

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On June 30, 2021, Prego Equipment purchased a precision laser-gulded steel punch that has an expected capacity of 302,000 units and no residual value. The cost of the machine was $392,600 and is to be depreciated using the units of production method. During the six months of 2021, 26,000 units of product were produced. At the beginning of 2022, engineers estimated that the machine can realistically be used to produce only another 232,000 units. During 2022,72,000 units were produced Prego would report depreciation in 2021 of Multiple Choice O $33,800 $44128 $10,140 $3,238

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