On January 1, 2018, Anvil Corp. purchased equipment for $60,000. It was expected to last 5 years, after which it will be sold for $5,000. It is expected to be used for a total of 10,000 machine hours, and was used for 750 hours during the year ended December 31, 2018. The depreciation expense for 2018 using the units-of-production method will be

Question 31 options:

	$4,125.00
	$11,000.00
	$4,500.00
	$12,250.00