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Maxim Corporation acquired equipment for $124,000. The estimated life of the equipment is 3 years or 24,000 hours. The estimated residual value is $10,000. What is the depreciation for 2007, if Baldwin Corporation uses the asset 9,100 hours and uses the units-of-production method of depreciation?

a) $43,225

b) $47,017

c) $41,333

d) $38,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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