What would be the depreciation expense in year 1,using units-of-production,for a molding machine that cost $22,000,had a useful life of 7 years,and an estimated total machine hours of 40,000? The salvage value is $2,000 and production in year 1 was 8,000 hours.
A) $5,000
B) $4,400
C) $6,000
D) $4,000
Correct Answer:
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