Find the amount of depreciation expense

Reference no: EM1375502

Ace Company purchased a machine valued at $320,000 on 1st August. The equipment has an evaluated useful life of five years or 2.5 million units. The equipment is evaluated to have a salvage value of $8,200. Consider the straight-line method of depreciation; Find the amount of depreciation expense that needs to be recorded at end of the first year if 710,000 units were produced?

Reference no: EM1375502

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