FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Units-of-Production Method
A machine is purchased January 1 at a cost of $59,000. It is expected to produce 130,000 units and have a salvage value of $3,000 at the end of its useful life.
Units produced are as follows:
Year 1 | 10,000 |
Year 2 | 8,000 |
Year 3 | 12,000 |
Year 4 | 16,000 |
Year 5 | 11,000 |
Required:
Prepare a schedule showing
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