Pandoro Inc. purchases a machine on April 1, 2017 for $450,000. The machine has a $50,000 salvage value and an estimated useful life of 8 years. The machine is expected to produce 1,000,000 units. What is the depreciation expense for 2017 if the company uses the units-of-production method and 65,000 units were produced in 2017?

Select one:

a.

$50,000

b.

$26,000

c.

$33,670

d.

$29,250