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Production Method Sunburn Fitness Center purchased a new step machine for $8,250. The apparatus is expected to have a residual value of $750. The apparatus
Production Method Sunburn Fitness Center purchased a new step machine for $8,250. The apparatus is expected to have a residual value of $750. The apparatus has an estimated useful life of 8,000 hours and was used for 2,400 hours in year 1; 2,000 hours in year 2; 2,200 hours in year 3; and 1,400 hours in year 4. How much would depreciation expense be in each year? Round your interim computations to four decimal places and final answers to the nearest whole dollar, if required.
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