Business, 14.07.2020 02:01, naomicervero

On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $ 40 comma 900 comma 000. Tyson's management expects to use the machine for 34 comma 000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $ 49 comma 000. The machine was used for 4 comma 200 hours in 2018 and 5 comma 800 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $ 40 comma 900 comma 000...