(Solution) - On January 10 2016 Dallas Company purchased a machine to -(2025 Original AI-Free Solution)
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On January 10, 2016, Dallas Company purchased a machine to mold components for one of its products. Total cost of the machine was $860,000. It is expected to produce 900,000 units and to have a salvage value of $50,000. The company used the units-of-production method of depreciation.
a. In 2016, it produced 90,000 units. Compute the depreciation expense for 2016.
b. During 2017, 120,000 units were produced. Compute the depreciation expense for 2017.