What journal entry would be needed to record the machines

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Problem

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Get the instant assignment help. What journal entry would be needed to record the machines' second year depreciation expense only under the units-of-production method?

Reference no: EM133922968

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