A machine costs 500,000, has a residual value of 50,000 and an estimated total production of 1,000,000 units. If 120,000 units are produced in the year, what is the depreciation expense for the year under the units of production method?

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Multiple Choice

A machine costs 500,000, has a residual value of 50,000 and an estimated total production of 1,000,000 units. If 120,000 units are produced in the year, what is the depreciation expense for the year under the units of production method?

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