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Posts: 4891
3 years ago
On January 1, 2017, Zade Manufacturing Corporation purchased a machine for $41,000,000. Zade's management expects to use the machine for 33,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $44,000. The machine was used for 3,700 hours in 2017 and 5,900 hours in 2018. What is the depreciation expense for 2017 if the corporation uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $4,596,954
B) $4,592,033
C) $7,322,431
D) $13,666,667
Textbook 

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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I just realized you had posted this! Thanks so much
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