What would be the depreciation expense in year 1, using units-of-production, for a molding machine that cost $15,000, had a useful life of 5 years, no residual value, and an estimated total machine hours of 50,000? Production in year 1 was 10,000 hours

A) $3,000
B) $4,000
C) $6,000
D) $5,000

Answer: A

Business

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