A machine that cost $72,000 has an estimated residual value of $6,000 and an estimated useful life of 5 years or 30,000 hours.Using the units-of-production method, the depreciation expense for the second year, during which the machine was used 5,000 hours, would be
A)$14,400.
B)$13,200.
C)$12,000.
D)$11,000.

Question

Quizplus · Accepted Answer

The Answer of A machine that cost $72,000 has an estimated residual value of $6,000 and an estimated useful life of 5 years or 30,000 hours.Using the units-of-production method, the depreciation expense for the second year, during which the machine was used 5,000 hours, would be
A)$14,400.
B)$13,200.
C)$12,000.
D)$11,000.

A Machine That Cost $72,000 Has an Estimated Residual Value