Question

On January 1, 2020, XYZ Company purchased a machine for $180,000. The machine was expected to...

On January 1, 2020, XYZ Company purchased a machine for $180,000. The machine was expected to have a residual value of $24,000 with a useful life of five years or 30,000 units.

Required:

Complete the table using the units of production method. Units produced were 11,400 in 2020, 9,200 in 2021, 10,100 in 2022, and 3,500 in 2023.

Year

Depreciation Expense

Book Value

2020

2021

2022

2023
Business   Accounting   
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