QUESTION Base Electronics has a piece of machinery that costs $400,000 and is expected to have a useful life of 5 years or 100,000 hours. Residual value is expected to be $50,000. Using the units-of-production method, what is depreciation expense for the first year assuming it was used 16,000 hours?

Base Electronics has a piece of machinery that costs $400,000 and is expected to have a useful life of 5 years or 100,000 hours. Residual value is expected to be $50,000. Using the units-of-production method, what is depreciation expense for the first year assuming it was used 16,000 hours