Question 17 0.5 pts On January 1, Year 1. Grapefruit Corporation purchased a machine for $40,000,000. Grapefruit's management expects to use the machine for 26,000 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 3700 hours in Year 1 and 5700 hours In Year 2. What is the depreciation expense for Year 1 if the corporation uses the units-of-production method of depreciation? O $13,333,333 7 O $5,692302 O $8.760,045 $5,686,345