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Compute depreciation for the second year

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Question - Diamond Industries acquired a new machine at a cost of $62,000. Service life was estimated to be eight years and total units of output to be 200,000. Estimated residual value was $8,000. Assume output during the second year was 30,000 units. Compute depreciation for the second year in the life of the machine using the units-of-output method.

Reference no: EM131867519

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