On January 1,2019,Sapphire Manufacturing Company Purchased a Machine for $40,000,000

On January 1,2019,Sapphire Manufacturing Company purchased a machine for $40,000,000.The company expects to use the machine for 24,000 hours over the next six years.The estimated residual value of the machine at the end of the sixth year is $40,000.The schedule of usage of the machine is below.
$$\begin{array} { | r | c | } \hline \text { Year } & \text { Usage } \\\hline 1 & 4,500 \\\hline 2 & 6,000 \\\hline 3 & 5,200 \\\hline 4 & 4,300 \\\hline 5 & 2,000 \\\hline 6 & 2,000 \\\hline\end{array}$$ Prepare the depreciation schedule using the units-of-production method of depreciation.