On April 1, 2012, a machine was purchased for $33,600. It was estimated that it would have a $3,200 residual value at the end of its 5-year useful life. It was also estimated that the machine would be used for a total of 80,000 hours over the 5 years. If the actual number of machine hours used in 2012 was 12,000 hours and the company uses the units-of-production method of depreciation, the depreciation expense for 2012 would be
A)$5,040.
B)$4,560.
C)$3,780.
D)$3,420.

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The Answer of On April 1, 2012, a machine was purchased for $33,600. It was estimated that it would have a $3,200 residual value at the end of its 5-year useful life. It was also estimated that the machine would be used for a total of 80,000 hours over the 5 years. If the actual number of machine hours used in 2012 was 12,000 hours and the company uses the units-of-production method of depreciation, the depreciation expense for 2012 would be
A)$5,040.
B)$4,560.
C)$3,780.
D)$3,420.

On April 1, 2012, a Machine Was Purchased for $33,600