On January? 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40

Question

On January? 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,600,000.

?Tyson's management expects to use the machine for 29,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $46,000. The machine was used for

4,100 hours in 2018 and

5005

hours in 2019. What is the depreciation expense for 2018 if the corporation uses the

unitsminus?ofminus?production

method of? depreciation? (Round any intermediate calculations to two decimal? places, and your final answer to the nearest? dollar.)

Explanation / Answer

Per hour depreciation = (40600000-46000)/29000= $1398.41 Depreciation expense for 2018 = 4100*1398.41= $5733481

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.