On January 1, 2016, Amethyst Manufacturing Corporation purchased a machine for $40,000,000. The corporation 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. Prepare the depreciation schedule using the units-of-production method of depreciation.

Question

On January 1, 2016, Amethyst Manufacturing Corporation purchased a machine for $40,000,000. The corporation 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.  Prepare the depreciation schedule using the units-of-production method of depreciation.

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The Answer of On January 1, 2016, Amethyst Manufacturing Corporation purchased a machine for $40,000,000. The corporation 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.  Prepare the depreciation schedule using the units-of-production method of depreciation.

On January 1, 2016, Amethyst Manufacturing Corporation Purchased a Machine