A piece of machinery costs $8,000 and has an anticipated $1,200 resale value at the end of its 6-year useful life. Compute the total depreciation at the end of year 4 for the machinery by the sum-of-years-digits method. Do not include units in your final answer. Round off to 2 decimal places. Add your answer Integer, decimal, or E notation allowed C

A piece of machinery costs $8,000 and has an anticipated $1,200 resale value at the end of its 6 -year useful life. Compute the total depreciation at the end of year 4 for the machinery by the sum-of-years-digits method. Donot include units in your final answer. Bound off to 2 decimal places