On January 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000 Tyson's management expects to use the machine for 32,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $45.000 The machine was used for 4,500 hours in 2024 and 5,200 hours in 2025. What is the depreciation expense for 2024 if the company uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar) OA. $5,773,365 OB. $13,700,000 OC. $5,779,710 OD. $6.671.444 COD
On January 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000 Tyson's management expects to use the machine for 32,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $45.000 The machine was used for 4,500 hours in 2024 and 5,200 hours in 2025. What is the depreciation expense for 2024 if the company uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar) OA. $5,773,365 OB. $13,700,000 OC. $5,779,710 OD. $6.671.444 COD
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vishnu
Transcribed Image Text:On January 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000 Tyson's management expects to use the machine for 32,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $45,000. The
machine was used for 4,500 hours in 2024 and 5,200 hours in 2025. What is the depreciation expense for 2024 if the company uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the
nearest dollar)
OA. $5,773,365
OB. $13,700,000
OC. $5,779,710
OD. $6,671,444
CECTED
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