9) On January 1, 2018, Sanderson, Inc. acquired a machine for $1,110,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $91,000. What is the book value of the machine at the end of 2019 if the company uses the straight-line method of depreciation? A) $666,000 B) $702,400 C) $611,400 D) $665,996 10) On January 1, 2018, McHenry Manufacturing Corporation purchased a machine for $40,600,000 McHenry's management expects to use the machine for 26,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $45,000. The machine was used for 3700 hours in 2018 and 5200 hours in 2019. Calculate the book value of the machine at the end of 2019 if the company 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) $26,717,691 B) S40,600,000 C) $26,702,294 D) $34,828,703