A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a salvage value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the first year?
A)$38,000.
B)$31,666.
C)$22,500.
D)$23,750.
E)$36,000.

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The Answer of A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a salvage value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. Using the units-of-production method, what is the amount of depreciation expense that should be recorded for the first year?
A)$38,000.
B)$31,666.
C)$22,500.
D)$23,750.
E)$36,000.

A Company Purchased a Weaving Machine for $190,000