On January 1,2018,Forrest Manufacturing Company purchased a machine for $40,000,000.The company 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 company used the machine for 3,600 hours in 2018 and 5,000 hours in 2019.What is the depreciation expense for 2018 and 2019 if the company uses the double-declining-balance method of depreciation?

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The Answer of On January 1,2018,Forrest Manufacturing Company purchased a machine for $40,000,000.The company 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 company used the machine for 3,600 hours in 2018 and 5,000 hours in 2019.What is the depreciation expense for 2018 and 2019 if the company uses the double-declining-balance method of depreciation?

On January 1,2018,Forrest Manufacturing Company Purchased a Machine for $40,000,000