On January 1, 2024, Tyson Manufacturing Corporation purchased a machine for

$40,900,000.

Tyson'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 sixth year is

$42,000.

The machine was used for

4,300

hours in 2024 and

5,300

hours in 2025. What is the depreciation expense for 2024 if the corporation uses the

unitsofproduction

method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

Question content area bottom

Part 1

A.

$6,507,018

B.

$6,513,683

C.

$8,020,278

D.$13,633,333