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On January 1, 2024, Tyson Manufacturing Corporation purchased a machine for $40,400,000. Tyson's management expects to use the machine for 24,000 hours over the next

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On January 1, 2024, Tyson Manufacturing Corporation purchased a machine for $40,400,000. Tyson's management expects to use the machine for 24,000 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 4,300 hours in 2024 and 5,000 hours in 2025. What is the depreciation expense for 2024 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 $7.229,719 OB $7.238,319 OC. $13.466,667 OD. $8.406,650

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