On January 1,2017,Doyle 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 corporation used the machine for 3,600 hours in 2017 and 5,000 hours in 2018.Calculate depreciation expense for 2018 if the company uses the units-of-production method of depreciation.

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The Answer of On January 1,2017,Doyle 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 corporation used the machine for 3,600 hours in 2017 and 5,000 hours in 2018.Calculate depreciation expense for 2018 if the company uses the units-of-production method of depreciation.

On January 1,2017,Doyle Manufacturing Corporation Purchased a Machine for $40,000,000