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ma out Tel On January 1, 2017, Kim Co. purchased a machine for $57,500, and expects to use the machine a total of 45,000 hours
ma out Tel On January 1, 2017, Kim Co. purchased a machine for $57,500, and expects to use the machine a total of 45,000 hours over the next four years. The residual value on the machine was set at $3,500. Kim Co.used the machine 18,100 hours in 2017 and 12.200 hours in 2018, 8,000 hours in 2019 and 7,100 hours in 2020. The acculated amortization at the end of 2020 fiscal year would be: O A $57,500 OB. $0 OC. $54.480 OD 554,000 pri rio
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