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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Ramirez Company installs a computerized

Required information

Use the following information for the Exercises below.

[The following information applies to the questions displayed below.]

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $80,600. The machine's useful life is estimated at 10 years, or 388,000 units of product, with a $3,000 salvage value. During its second year, the machine produces 32,800 units of product.

Exercise 8-5 Units-of-production depreciation LO P1

Determine the machine’s second-year depreciation using the units-of-production method.

 

 
 
Units-of-production Depreciation
  Choose Numerator: / Choose Denominator: = Annual Depreciation Expense
  / = Depreciation expense per unit
  / = 0
Year Annual Production (units)   Depreciation Expense

Jul 21 2021 View more View Less

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