saved Help Save & Exit Payson Inc. purchased a license plate stamping machine for $281.850. The machine has a useful life of 8 years and a residual value of $15,500. It is estimated that the machine could produce 761,000 license plates over its useful life. In the first year, 110,500 license plates were produced. In the second year, production increased to 114,500 plates. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the second year? Multiple Choice $42.407 Too oo $78750 $40.926 $38,675 G 24 F Next >