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A machine with a cost of $750,000 has an estimated salvage value of $100,000} and an estimated useful life of 5 years or 30,000 hours.
A machine with a cost of $750,000 has an estimated salvage value of $100,000} and an estimated useful life of 5 years or 30,000 hours. It is to be depreciated using the units-of-activity method of depreciation. The machine was used for 7,000 hours in the first year and 9,000 hours in the second year.
Calculate the depreciation expense for the second year using the units of activity method. (Please round answer to the nearest dollar, i.e. 3,078.666 would be entered as 3,079)
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