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A machine with a cost of $66,550.00 has an estimated residual value of $5,637.00 and an estimated life of 7 years or 18,302 hours. It

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A machine with a cost of $66,550.00 has an estimated residual value of $5,637.00 and an estimated life of 7 years or 18,302 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,023 hours? Select the correct answer. $14,628.49 $13,389.41 $17,403.71 $8,701.86

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