What would be the depreciation expense in year 1,using units-of-production,for a molding machine that cost $18,000,had a useful life of 3 years,no residual value,and an estimated total machine hours of 36,000? Production in year 1 was 10,000 hours.
A) $2,667
B) $4,000
C) $6,000
D) $5,000
Correct Answer:
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