Question - A machine with a cost of $77,874.00 has an estimated residual value of $4,295.00 and an estimated life of 3 years or 18,120 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 3,266 hours?
$49,052.67
$14,036.23
$24,526.33
$13,262.09