A three-year-old machine has a cost of $44,500, an estimated residual value of $1,300, and an estimated useful life of 36,000 machine hours. The company uses units-of-production depreciation and ran the machine 4,200 hours in year 1,6,750 hours in year 2; and 7,900 hours in year 3 Calculate the net book value at the end of the third year. The following information was reported by Young's Air Cargo Service for 2020 : Compute the company's fixed asset turnover ratio for the year. A three-year-old machine has a cost of $50,000, an estimated residual value of $5,000, and an estimated useful life of five years. The company uses straight-ine depreciation. Calculate the net book value at the end of the third year