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Determine the machine first year depreciation

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Question - Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machine's first year depreciation under the double-declining-balance method.

Reference no: EM133176641

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