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Spangle Corporation uses the unit-of-production method to estimate depreciation. The company purchased a new machine...

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Accounting

Spangle Corporation uses the unit-of-production method to estimate depreciation. The company purchased a new machine for $50,000 that will produce an estimated 350,000 units over its useful life. The estimated residual value of the machine is $3,000. What is the depreciation rate per unit?

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