XYZ Corporation has purchased a new piece of machinery for $75,000. The piece of equipment should last for 8 years and will have a $5,000 salvage value at the end of its useful life. They plan on using the unit-of-production depreciation method. Use the production information below to calculate the estimated depreciation information for each year.  Year Units Produced 1 8,000 2 10,000 3 12,000 4 14,000 5 12,000 6 10,000 7 8,000 8 5,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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XYZ Corporation has purchased a new piece of machinery for $75,000. The piece of equipment should last for 8 years and will have a $5,000 salvage value at the end of its useful life. They plan on using the unit-of-production depreciation method. Use the production information below to calculate the estimated depreciation information for each year. 

Year Units Produced
1 8,000
2 10,000
3 12,000
4 14,000
5 12,000
6 10,000
7 8,000
8 5,000
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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