A company purchased a weaving machine for $341560. The machine has a useful life of 8 years and a residual value of $19,000 It is estimated thalt the machine could produce 768,000 bolts of woven fabric over its useful life In the first year, 114,000 bolts were produced In the second year, production increased to 118,000 units Using the units-of production method, what is the amount of depreciation expense that should be recorded for the second year? Muhiple Choice 97 440 %2479 IOP WERTY B N