Solution-Depreciation expense using the units-of-production

Depreciation expense using the units-of-production method

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Reference no: EM13538830

Company F purchased a machine that cost $50,000 and will be able to produce 500,000 units of product before wearing out. Expected production by year will be: year 1 - 80,000 units; year 2 - 100,000; year 3 - 100,000; year 4 - 110,000 and year 5 - 110,000. A salvage value was not assigned to the asset.

Determine the annual depreciation expense using the units-of-production method and prepare the journal entry to record the expense.

Reference no: EM13538830

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Depreciation expense using the units-of-production method

Reference no: EM13538830

Reference no: EM13538830

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