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Find the amount of depreciation expense

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Question - A factory machine was purchased for $123000 on January 1, 2017. It was estimated that it would have a $32000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 35000 hours in the 5 years. If the actual number of machine hours ran in 2017 was 3500 hours and the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2017 would be?

Reference no: EM131609938

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