On January 1, 2021, Pheta Company purchased a machine for $114,000. It has an estimated four-year life and a residual value of $45,000. The machine is expected to be used for a total of 4,600 hours over the four years. During 2021, it was used for 1,900 hours.
Required:
How much is the depreciation expense for 2021 under the units-of-production method?

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The Answer of On January 1, 2021, Pheta Company purchased a machine for $114,000. It has an estimated four-year life and a residual value of $45,000. The machine is expected to be used for a total of 4,600 hours over the four years. During 2021, it was used for 1,900 hours.
Required:
How much is the depreciation expense for 2021 under the units-of-production method?

On January 1, 2021, Pheta Company Purchased a Machine for $114,000