Knowledge Check $01$

At the beginning of Year $1,$ Trey Incorporated, purchased a machine with a total acquisition cost of $$33,000.$ The machine has an estimated residual value of $$3,000$ at the end of its estimated useful life of $3$ years. The machine is expected to produce a total of $60,000$ units over its estimated useful life. During Year $1,$ it was used to produce a total of $16,000$ units. Using the straight$-$line method. what is the amount of annual depreciation that should be recorded?

Annual depreciation

per year