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On January 1, 2017, Zade Manufacturing Corporation purchased a machine for $40,600,000. 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 $40,600,000. 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 $40,000. 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. $13,533,333 B. $6,459,546 C. $6,465,910 D. $8,712,876

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