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On January 1 Year 1. Milton Manufacturing Company purchased equipment with a list price of $31.000. A total of $2,800 was pai
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Answer #1

Cost of equipment = 31,000+2,800 = 33,800

Depreciation expense under units of production method

= (Cost - Salvage value) /total units * units produced

= (33,800-5,600)/100,000 * 14,000

= 3948

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