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M9-5 (Static) Computing Book Value (Units-of-Production Depreciation) [LO 9-3] A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated

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M9-5 (Static) Computing Book Value (Units-of-Production Depreciation) [LO 9-3] A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of 20,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 8,000 hours in year 2, and 6,000 hours in year 3. Required: Calculate its book value at the end of year 3. (Do not round intermediate calculations.) Book Value:

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