On January 1,2015,Zade Manufacturing Corporation purchased a machine for $40,000,000.The corporation expects to use the machine for 24,000 hours over the next 6 years.The estimated residual value of the machine at the end of the sixth year is $40,000.The corporation used the machine for 3,600 hours in 2015 and 5,000 hours in 2016.What is the book value of the machine at the end of year 2016 if the corporation uses double-declining-balance method of depreciation? (Do not round your intermediate calculations.)

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The Answer of On January 1,2015,Zade Manufacturing Corporation purchased a machine for $40,000,000.The corporation expects to use the machine for 24,000 hours over the next 6 years.The estimated residual value of the machine at the end of the sixth year is $40,000.The corporation used the machine for 3,600 hours in 2015 and 5,000 hours in 2016.What is the book value of the machine at the end of year 2016 if the corporation uses double-declining-balance method of depreciation? (Do not round your intermediate calculations.)

On January 1,2015,Zade Manufacturing Corporation Purchased a Machine for $40,000,000