A textiles machinery is purchased for $200,000 on 1st January. It has an estimated useful...
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Accounting
A textiles machinery is purchased for $200,000 on 1st January. It has an estimated useful life of 10 years and an estimated residual value of $20,000. The firm sells the asset at the residual value at the end of the 10th year. The machine has an expected production rate of 1,500 units per month during its useful life. Estimate the depreciation amount after producing 100,000 units
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