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On January 1, 2018. McHenry Manufacturing Corporation purchased a machine for $40,000,000. McHenry's management expects to use the machine for 27,000 hours over the next

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On January 1, 2018. McHenry Manufacturing Corporation purchased a machine for $40,000,000. McHenry'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 sath year is $43,000. The machine was used for 4,000 hours in 2018 and 6,000 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) O A $40,000,000 Om $4,060,440 OC $25,201,100 OD. $25,185,200

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