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On January 1 , 2 0 2 4 , Tyson Manufacturing Corporation purchased a machine for $ 4 0 , 1 0 0 , 0

On January 1,2024, Tyson Manufacturing Corporation purchased a machine for $40,100,000. Tyson's management expects to use the machine for 28,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $44,000. The machine was used for 4,200 hours in 2024 and 5,300 hours in 2025. What is the depreciation expense for 2024 if the corporation uses the units - of - production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A. $6,014,988
B. $6,008,394
C. $7,582,021
D. $13,366,667
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