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Question 4 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine...

Question 4 Table 8-3 Machiel Manufacturing acquired a $60,000 machine on January 1, 20X9. The machine is estimated to have a useful life of 4 years, and a residual value of $10,000. For unit depreciation purposes, the machine is expected to produce 500,000 units. Referring to Table 8-3, what is the depreciable value of the machine acquired by Machiel Manufacturing? $50,000 $10,000 $15,000 $60,000 Cannot be determined without additional data

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Answer #1

$50,000

Depreciable value is the value of asset that is depreciated over its useful life.
Depreciable Value = Cost - Salvage Value
= $       60,000 - $ 10,000
= $       50,000
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