On January 1, 2020, Zade Manufacturing Company purchased a machine for $40,000,000. The company expects to use the machine for 24,000 hours over the next 6 years. The estimated residual value of the machine at the end of the sixth year is $40,000. The company used the machine for 3,600 hours in 2020 and 5,000 hours in 2016. What is depreciation expense for the year 2020 if the company uses the units-of-production method of depreciation?

		$12,222,000
		$5,994,000,
		$13,333,333
		$6,666,660