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Question Heip On January 1, 2017, Zade Manufacturing Corporation purchased a machine for $40,100,000. Zade's management expects to use the machine for 26,000 hours over
Question Heip On January 1, 2017, Zade Manufacturing Corporation purchased a machine for $40,100,000. Zade'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 $41,000. The machine was used for 4,100 hours in 2017 and 5,300 hours in 2018. What is the depreciation expense for 2017 if the corporation uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. $6,316,993 O B. $8,165,869 O C. $6,323,471 O D. $13,366.667
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