Marsha Cook owns Marsha's Pie Co. On January 2, 2010, the company purchased an oven for $325,000. The manufacturer of the oven estimates that the oven will last 12 years or bake 600,000 pies, with a residual value of $25,000.
The following is a schedule of the pies that the company will produce:
Calculate the accumulated depreciation and book value as of December 31, 2016, using the units of production method.
Definitions:
Subjective
Based on personal feelings, tastes, or opinions rather than external facts or evidence.
Biases
Systematic and often unfair inclinations or prejudgements towards particular people, groups, or ideas.
Objective Tests
Assessments that measure an individual's psychological attributes using procedures that minimize subjective judgment, ensuring that results are scored in an unbiased or uniform manner.
Precise Numerical
Involving or characterized by exactness and accuracy in the use or presentation of numbers.
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