Determine the amount of total accumulated depreciation

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Reference no: EM132804000

Question - Battery Corp. purchased equipment with a cost of $70,000 at the beginning of 2013. The equipment has an estimated life of 25 years or 25,000 units of product. The estimated residual value is $7,500. During 2013, 1,100 units of product were produced with this machinery. Determine the amount of total accumulated depreciation at December 31, 2013, using units-of-production depreciation.

Reference no: EM132804000

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