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3. On June 1, 20X1, Apache Corp. purchases for $101,700 a machine for which it estimates a useful life of 12,000 machine hours and a
3. On June 1, 20X1, Apache Corp. purchases for $101,700 a machine for which it estimates a useful life of 12,000 machine hours and a residual value of $4,500. In Year 1, Apache uses the machine for 3,100 hours; in Year 2, 5,600 hours; and in Year 3, 4,000 hours. Apache uses UOP depreciation. Complete the table below. Year- beginning Depreciation Accumulated Year-end Year book value expense depreciation book value 20X1 20X2 20X3
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