Hide lime Remaining Part 2 of 4 - Units of Production Depreciation Spendless Industries purchased machinery on January 1, 2019 at a total cost of $85,000. The machinery's estimated useful life is 5 years or 40,000 hours, and its and 2020, the machinery was used 7000 and 7.500 hours, respectively, Question 1 of 2 If the company uses the units-of-production method, what is the depreciation rate per machine hour? Show your calculations Denken Rate acer Hide lime Remaining Part 2 of 4 - Units of Production Depreciation Spendless Industries purchased machinery on January 1, 2019 at a total cost of $85,000. The machinery's estimated useful life is 5 years or 40,000 hours, and its and 2020, the machinery was used 7000 and 7.500 hours, respectively, Question 1 of 2 If the company uses the units-of-production method, what is the depreciation rate per machine hour? Show your calculations Denken Rate acer