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On January 1, 2017 Zade Manufacturing Corporation purchased a machine for $40,900,000. Zade's management expects to use the machine for 27.000 hours over the next

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On January 1, 2017 Zade Manufacturing Corporation purchased a machine for $40,900,000. Zade's management expects to use the machine for 27.000 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 4,300 hours in 2017 and 5.800 hours in 2018. What is the depreciation expense for 2017 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 $8,776,502 B. $13,633 333 $6,513 683 OD $6.506 717

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