On January 1, 2018, McHenry Manufacturing Corporation purchased a machine for $41,500,000. McHenry's management expects to use the machine for 24,000 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 4,400 hours in 2018 and 5,000 hours in 2019. Calculate the book value of the machine at the end of 2019 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.) OA. $41,500,000 O B. $25,263,098 . s33,899,748 OD. $25,245,802 When a company is using the direct write-off method, and an account is written off, the journal entry consists of a . 0 A. debit to the Allowance for Bad Debts and a credit to Accounts Receivable O B. credit to Accounts Receivable and a debit to Interest Expense C. debit to Accounts Receivable and a credit to Cash D. credit to Accounts Receivable and a debit to Bad Debts Expense O On October 1, 2019, Fashion Jewelers accepted a 4-month 14% note or S8,000 n settlement o an overdue account receivable. The accounting period ends on December 31 Calculate the accrued interest on note at December 31, 2019. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $560 . $373 . $1,120 O D. $280