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Wickland Company installs a manufacturing machine in its production facility at the beginning of the...

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Accounting

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the straight-line method.

Multiple Choice

  • $16,900.

  • $16,000.

  • $17,400.

  • $20,880.

  • $18,379.

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