A machine with a cost of $71,694.00 has an estimated residual value of $5,340.00 and an estimated life of 4 years or 14,346 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 4,313 hours?

Do not round your intermediate calculations.

$21,554.18

$33,177.00

$16,588.50

$19,948.75