Fleet Rentals purchased equipment with a cost of $200,000 at the beginning of 2013. The equipment has an estimated life of 10 years or 100,000 units of product. The estimated residual value is $20,000. During 2013, 11,000 units of product were produced with this machinery. Determine the following:

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The Answer of Fleet Rentals purchased equipment with a cost of $200,000 at the beginning of 2013. The equipment has an estimated life of 10 years or 100,000 units of product. The estimated residual value is $20,000. During 2013, 11,000 units of product were produced with this machinery. Determine the following:

Fleet Rentals Purchased Equipment with a Cost of $200,000 at the Beginning