Problem
A piece of machinery has a cost basis of $45,000. Its salvage value will be $5000 after 10,000 hours of operation. With units-of-production depreciation, what is the allowable depreciation rate per hour? What is the book value after 4000 hours of operation?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.