5. Lester Company purchases a piece of equipment on Jan. 2, 2010, for $30,000. The...
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Accounting
5. Lester Company purchases a piece of equipment on Jan. 2, 2010, for $30,000. The equipmen an estimated life of eight years or 50.000 units of production and an estimated residual value $3,000. Lester uses a calendar fiscal vear. The entry to record the amount of depreciation f 2010, using the production method and assuming that 6,100 units are produced, is
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