Lewis Company purchased a machine for $60,000.The machine has an estimated life of 20,000 hours and no salvage value.The entry to record the depreciation charge under the production method assuming that the machine was used for 4,000 hours is:

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The Answer of Lewis Company purchased a machine for $60,000.The machine has an estimated life of 20,000 hours and no salvage value.The entry to record the depreciation charge under the production method assuming that the machine was used for 4,000 hours is:

Lewis Company Purchased a Machine for $60,000