On January 1, 2024, Tyson Manufacturing Corporation purchased a machine for $40,600,000. Tyson's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $42.000. The machine was used for 4,000 hours in 2024 and 6,000 hours in 2025. What is the depreciation expense for 2024 the corporation 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 $4,771,520 OB. $7,157,260 OC. $13.533.333 OD. $4,776,480
On January 1, 2024, Tyson Manufacturing Corporation purchased a machine for $40,600,000. Tyson's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $42.000. The machine was used for 4,000 hours in 2024 and 6,000 hours in 2025. What is the depreciation expense for 2024 the corporation 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 $4,771,520 OB. $7,157,260 OC. $13.533.333 OD. $4,776,480
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On January 1, 2024, Tyson Manufacturing Corporation purchased a machine for $40,600,000. Tyson's management expects to use the machine for 34,000 hours over the next six years. The
estimated residual value of the machine at the end of the sixth year is $42,000. The machine was used for 4,000 hours in 2024 and 6,000 hours in 2025. What is the depreciation expense for 2024
the corporation 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 $4,771,520
OB: $7,157,280
OC. $13,533.333
OD. $4,776,480
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