Yogi Inc. purchased a specialized machine on April 1, 2021 for a total cost of $ 254,000 from Bubu Manufactory. This machine is expected to become outdated and be replaced in 16 years at which time it will have a residual value of $ 25,000. What amount would be reported as depreciation expense for this machine on Yogi Inc.'s December 31, 2021 income statement if Yogi Inc. used the straight-line method of depreciation? Round answer to the nearest whole dollar.

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The Answer of Yogi Inc. purchased a specialized machine on April 1, 2021 for a total cost of $ 254,000 from Bubu Manufactory. This machine is expected to become outdated and be replaced in 16 years at which time it will have a residual value of $ 25,000. What amount would be reported as depreciation expense for this machine on Yogi Inc.'s December 31, 2021 income statement if Yogi Inc. used the straight-line method of depreciation? Round answer to the nearest whole dollar.

Yogi Inc Purchased a Specialized Machine on April 1, 2021 for for a Total