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A factory machine was purchased for 60000 on january 1 2010

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A factory machine was purchased for $60,000 on January 1, 2010. It was estimated that it would have a $12,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years.

If the actual number of machine hours ran in 2010 was 4,000 hours and the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2010 would be?

Reference no: EM13582248

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