CHAPTERS 10 & 110 Save & E A company purchased a weaving machine for $256,560. The machine has a useful life of 8 years and a residual value of $14.000. It is estimated that the machine could produce 758,000 bolts of woven fabric over its useful life. In the first year, 109,000 bolts were produced in the second year, production Increased to 13,000 units. Using the units of production method, what is the amount of depreciation expense that should be recorded for the second year? Multiple Choice $36,60 a $38.247 $34.000 O S71040