QUESTION 42 A machine with a cost of $790,000 has an estimated salvage value of $8j0,000 and an estimated useful life of 5 years or 40,000 hours. It is to be depreciated using the units-of-activity method of depreciation. The machine was used for 8,000 hours in the first year and 7,000 hours in the second year. Calculate the depreciation expense for the second year using the units of activity method. (Please round answer to the nearest dollar, l.e. 3.078 .666 would be entered as 3,079 ) QUESTION 43 Maine Corporation's unadjusted trial balance includes the following balances (assume normal balances): Bad debts are estimated to be 4% of outstanding receivables. Calculate that amount of bad debt expense that the company will record