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On January 1, 2017, Henry Manufacturing Corporation purchased a machine for exist40, 300,000. Henrys management expects to use the machine for 26,000 hours over the
On January 1, 2017, Henry Manufacturing Corporation purchased a machine for exist40, 300,000. Henrys management expects to use the machine for 26,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is exist45,000. The machine was used for 4,000 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.) exist26, 210, 743 exist26, 195,000 exist40, 300,000 exist34, 106, 920
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