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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,300,000. Tyson's management expects to use the machine for 29,000 hours over the next
On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,300,000. Tyson's management expects to use the machine for 29,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $48,000. The machine was used for 4,400 hours in 2018 and 5,800 hours in 2019. What is the depreciation expense for 2018 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.) O A. $13,433,333 B. $8,050,400 O C. $6,114,504 OD. $6,107,200
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