On January 1, 2021, Hobart Mfg. Co purchased a drill press at a cost of $36,000. The drill press is expected to last 10

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answerhappygod
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On January 1, 2021, Hobart Mfg. Co purchased a drill press at a cost of $36,000. The drill press is expected to last 10

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On January 1 2021 Hobart Mfg Co Purchased A Drill Press At A Cost Of 36 000 The Drill Press Is Expected To Last 10 1
On January 1 2021 Hobart Mfg Co Purchased A Drill Press At A Cost Of 36 000 The Drill Press Is Expected To Last 10 1 (18.08 KiB) Viewed 9 times
On January 1, 2021, Hobart Mfg. Co purchased a drill press at a cost of $36,000. The drill press is expected to last 10 years and has a residual value of $6,000. During its 10-year life, the equipment is expected to produce 500,000 units of product. In 2021 and 2022, 25,000 and 84,000 units, respectively, were produced. Required: Compute depreciation for 2021 and 2022 and the book value of the drill press at December 31, 2021 and December 31, 2022, assuming the units-of-production method is used. (Round depreciation per unit to 2 decimal places.) Depreciation Book Value 2021 2022
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