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Required information [The following information applies to the questions displayed below.] At the beginning of the year, Algernon Companies bought three used machines. The machines
Required information [The following information applies to the questions displayed below.] At the beginning of the year, Algernon Companies bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Compute year 2 units-of-production depreciation expense for Machine B, assuming a capitalized cost of $49,560, an estimated life 30,000 hours, $4,500 residual value, and actual year 2 use of 8,000 hours. (Do not round intermediate calculations.)
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