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What is the depreciation expense if the company uses units

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Problem 1: On January? 1, 2024, Tyson Manufacturing Company purchased a machine for $41,500,000. ?Tyson's management 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 $48,000. The machine was used for 4,400 hours in 2024 and 5,600 hours in 2025. What is the depreciation expense for 2024 if the company uses the units-of-production method of? depreciation?

Reference no: EM132935124

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