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On January 1 , 2 0 2 5 , McHenry Manufacturing Corporation purchased a machine for $ 4 0 , 3 0 0 , 0

On January 1,2025, McHenry Manufacturing Corporation purchased a machine for $40,300,000. McHenry's management expects to use the machine for 27,000 hours over the next six (6) years. The estimated residual value of the machine at the end of the sixth year is $42,000. The machine was used for 4,300 hours in 2025 and 5,600 hours in 2026. Calculate the book value of the machine at the end of 2026 if the company uses the units - of - production method of depreciation. Round any intermediate calculations to two (2) decimal places, and the final answer to the nearest dollar.
A. $25,523,359
B. $25,538,704
C. $33,888,528
D. $40,300,000
On January 1,2025, McHenry Manufacturing Corporation purchased a machine for $40,300,000. McHenry's management expects to use the machine for 27,000 hours over the next six (6) years. The estimated residual value of the machine at the end of the sixth year is $42,000. The machine was used for 4,300 hours in 2025 and 5,600 hours in 2026. Calculate the book value of the machine at the end of 2026 if the company uses the units - of - production method of depreciation. Round any intermediate calculations to two (2) decimal places, and the final answer to the nearest dollar.
A. $25,523,359
B. $25,538,704
C. $33,888,528
D. $40,300,000
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