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A machine with a cost of $60,987.00 has an estimated residual value of $5,729.00 and an estimated life of 7 years or 18,345 hours. It

A machine with a cost of $60,987.00 has an estimated residual value of $5,729.00 and an estimated life of 7 years or 18,345 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 4,630 hours?

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