Gleim 2014 Fixed asset Flashcards | Quizlet
On January 3, Quarry Co. purchased a manufacturing machine for $864,000. The machine had an estimated 8-year useful life and a $72,000 estimated salvage value. Quarry expects to manufacture 1,800,000 units over the life of the machine. During the year, Quarry manufactured 300,000 units. Quarry uses the units-of-production depreciation method.