MC Qu. 107 A company purchased a weaving machine.. company purchased a weaving machine for $231450. The machine has a useful life of 8 years and a nesidual value of $12.500 it is estimated that the machine could produce 755,000 bolts of woven tabric over its usefull ife In the irst year, 907,500 bots were produced In the second year production increased to ft,500 units. Using he units-of production method, what is the amount of depreciation expense that should be necorded for the second year? Mutiple Choice 63.510 5 6 8 3 0