Wickland Company installs a manufacturing machine in its production facility at the beginning of the...
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Accounting
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the straight-line method.
Multiple Choice
$16,900.
$16,000.
$17,400.
$20,880.
$18,379.
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