Joseph Engineering Purchased a New Stamping Machine for $175,000 with a Salvage

question 84

Short Answer

Joseph Engineering purchased a new stamping machine for $175,000 with a salvage value of $14,200. The machine is expected to have a useful life of 600,000 units of production. At the end of year 5, the machine had produced 580,000 units. In year 6, it produced 116,000 units. What was the amount of depreciation for year 6?

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