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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,100,000. Tyson's management expects to use the machine for 25,000 hours over the next
On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,100,000. Tyson's management expects to use the machine for 25,000 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 4.200 hours in 2018 and 5,100 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 $6,477,702 OB. $13,366,667 OC. $6,470,268 OD. $7,856,754
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