Business, 02.09.2021 16:50 arianawelsh123l

On January 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000. Tyson's management expects to use the machine for 33,000 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 5,100 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.)

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On January 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000. Tyson's manag...

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