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QUESTION 20 Use the following information for problems 19-20. Cougar Corp (December 31 fiscal year end) purchased a piece of machinery, which it will use
QUESTION 20 Use the following information for problems 19-20. Cougar Corp (December 31" fiscal year end) purchased a piece of machinery, which it will use to produce inventory, on August 19, 2019 for $450,000. The estimated salvage value is$50,000. The estimated useful life is 4-years. The estimated total activity levels for this machinery over its useful life are production of 1,000,000 units of inventory and working hours of 50,000 hours. Actual activity for 2019-2020 is as follows: 2019: 100,000 units of inventory produced; 8,500 working hours 2020:275,000 units of inventory produced: 14,000 working hours If necessary, round your answer to the nearest dollar. Do not use dollar signs or decimals. What is the amount of depreciation expense for this machinery in 2019 assuming Cougar Corp uses activity based depreciation based on working hours
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