Apple Corp purchased a new AI machine at a cost of $450,000. The machine has a residual value of $64,000 and an expected life of 5 years. The actual machine hours were a total of 154,400 over the 5 years. Each year the hours were: 55,000 in year 1, 50,000 in year 2, 30,000 in year 3, 13,000 in year 4, and 6,400 in year 5.

- Compute the depreciation cost per machine hour: Depreciation cost/machine hour:

- Using the below, compute the depreciation expense, accumulated depreciation, and book value for all 5 years of the machine's expected life using the units of the production method of depreciation

*Please list out any steps/formulas/equations so I can follow along and better understand the course material*

End of Year Accumulated Depreciation Book Value $450,000.00 Depreciation Expense 0 1 2 3 4 5