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On January 1,2017 , Zade Manufacturing Corporation purchased a machine for $41,000,000. Zade's management expects to use the machine for 32,000 hours over the next

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On January 1,2017 , Zade Manufacturing Corporation purchased a machine for $41,000,000. Zade's management expects to use the machine for 32,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $43,000. The machine was used for 3,700 hours in 2017 and 5,700 hours in 2018. What is the depreciation expense for 2017 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.) A. $7,295,487 B. $13,666,667 C. $4,735,667 D. $4,740,625

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