On January 1, 2013, Latke Tool and Manufacturing Company (Latke)

On January 1, 2013, Latke Tool and Manufacturing Company (Latke) purchased a machine that cost $22,000.The machine has an estimated five-year life and a 10 percent residual value.It is expected to be used for a total of 1,600 productive hours over the next 5 years.During 2013, it was used 400 hours.Latke has a December 31 year-end.What is the depreciation expense for 2013 if Latke uses the straight-line method?

A) $2,200
B) $3,960
C) $4,400
D) $4,950