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Find the amount of depreciation that should be recorded

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Question - ABC Company purchased a machine for $2 million that can produce 3,000,000 products over its useful life. The company estimates that this machine has a salvage value of $200,000. Assume in Year 1, the machine produced 200,000 products. Find the amount of depreciation that should be recorded for the ion first year?

Reference no: EM133062692

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