Pangle corporation uses the unit-of-production method to, Accounting Basics

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Pangle corporation uses the unit-of-production method to

Problem

Spangle Corporation uses the unit-of-production method to estimate depreciation. The company purchased a new machine for $20,000 that will produce an estimated 100.000 units over its useful life. The estimated residual value of the machine is $2,000. What is the depreciation rate per unit?

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