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What will be depreciation expense for machine on december

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Question 1: On the 1st January 2019, the company purchased a machine with a total cost of $ 400,000 with estimated residual value of $ 20,000, expected useful life of four years and estimated total production of 500,000 units. If the company uses the unit of production method to calculate depreciation, what will be the depreciation expense for this machine on 31 December 2019 assuming that the company produced 100,000 units during 2019?

Reference no: EM132518472

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