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Canvas XCO On January 1, 2015, Zade Manufacturing Corporation purchased a machine for $40,000,000. The corporation expects to use the machine for 24,000 hours over

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Canvas XCO On January 1, 2015, Zade Manufacturing Corporation purchased a machine for $40,000,000. The corporation expects to use the machine for 24,000 hours over the next 6 years. The estimated residual value of the machine at the end of the sixth year is $40,000. The schedule of usage of the machine is as below. Year Usage 1 4,500 2 6,000 3 5,200 4 4,300 5 2,000 6 2,000 Prepare the depreciation schedule using the units-of-production method of depreciation

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