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On January 1, 2017, Henry Manufacturing Corporation purchased a machine for exist40, 100,000. Henrys management expects to use the machine for 25,000 hours over the
On January 1, 2017, Henry Manufacturing Corporation purchased a machine for exist40, 100,000. Henrys management expects to use the machine for 25,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is exist46,000. The machine was used for 4, 200 hours in 2017 and 5, 100 hours in 2018. Calculate the book value of the machine at the end of 2018 if the company uses the units-of-production method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) exist25, 199, 912 exist25, 182, 800 exist33, 370, 928 exist40, 100,000
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