A factory machine was purchased for $140,000 on January 1, 2022.It was estimated that it would have a $28,000 salvage value at the end of its 5-year useful life.It was also estimated that the machine would be run 40,000 hours in the 5 years.If the actual number of machine hours ran in 2022 was 4,000 hours and the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2022 would be
A) $14,000.
B) $22,400.
C) $28,000.
D) $11,200.
Correct Answer:
Verified
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