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On January 1,2013,Zane Manufacturing Company Purchased a Machine for $40,000

question 62

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On January 1,2013,Zane Manufacturing Company purchased a machine for $40,000.The company expects to use the machine a total of 24,000 hours over the next 6 years.The estimated sales price of the machine at the end of 6 years is $4,000.The company used the machine 8,000 hours in 2013 and 12,000 in 2014.
- What is depreciation expense for 2014 if the company uses units-of-production depreciation?


Definitions:

Trans-fatty Acids

Types of unsaturated fats that are transformed through hydrogenation, raising the risk of heart disease more than other types of fats.

Dehydration Reaction

A chemical reaction that involves the loss of a water molecule from the reacting molecule.

Functional Groups

Functional groups are specific groups of atoms within molecules that are responsible for the characteristic chemical reactions of those molecules.

OH

Sometimes refers to the hydroxyl group, a functional group consisting of an oxygen atom covalently bonded to a hydrogen atom.

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