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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $41,100,000. Tyson's management expects to use the machine for 26,000 hours over the next

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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $41,100,000. Tyson's management expects to use the machine for 26,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $46,000. The machine was used for 4,400 hours in 2018 and 5,500 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. $6,955,388 OB. $13,700,000 O c. $8,684,500 O D. $6,947 600

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