Jim Company bought a machine for $49,040 with an estimated life of 5 years. The residual value of the machine is $6,800. This machine is expected to produce 128,000 units. In year 1, it produced 23,000 units, and in year 2, 42,000 units. Assuming the units-of- production method, calculate the first 2 years' depreciation.

Jim Company bought a machine for $49,040 with an estimated life of 5 years. The residual value of the machine is $6,800. This machine is expected to produce 128,000 units, In year 1, it produced 23,000 units, and in year 2,42,000 units. Assuming the units-of. production method, calculate the first 2 years' depreciation