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A piece of machinery at a maunfacturing plant has a cost basis of $40,000, and a salvage value of $7,000 after producing 30,000 units. Using units-of-production depreciation, what is the allowed depreciation charge per unit. Express your answer in $ to the nearest $0.01.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92795458

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