Calculate the first 2 years depreciation with estimated life

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Reference no: EM13333141

Jim Company bought a machine for $34,800 with an estimated life of 3 years. The residual value of the machine is $10,160. This machine is expected to produce 123,200 units. In year 1, it produced 20,100 units, and in year 2, 38,200 units.

Assuming the units-of-production method, calculate the first 2 years' depreciation.

Reference no: EM13333141

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