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Morar Inc. has a 12/31 year-end. On February 14, 2021, Morar purchases a machine at a cost of $134,000. Morar estimates the machine will have
Morar Inc. has a 12/31 year-end. On February 14, 2021, Morar purchases a machine at a cost of $134,000. Morar estimates the machine will have a salvage value of $48,000 and a useful life of 8 years or 2,100 working hours. Actual working hours of usage in 2021 was 340 hours. Compute depreciation expense for 2021 under the units-of-production method. Morar Industries Inc. should recognize the following depreciation expense for 2021 under the units-of-production method: 13,924 (Round your final answer to the nearest dollar)
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