E10-7 Refer to the information in Exercise 10-6. Determine the machine’s second-year depreciation using the units-of-production method.
Data from E10-6
Feng Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $42,300. The machine’s useful life is estimated at 10 years, or 363,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 35,000 units of product
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