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Calculate the book value of the machine at the end

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Question - On January 1, 2024, McHenry Manufacturing Corporation purchased a machine for $41,200,000. McHenry's management expects to use the machine for 32,000 hours over the next six years. The estimated residual wall at the machine at the end at the sixth year is $49,000. The machine as used tor 3800 hours in 2024 and 5000 hours in 2025. Calculate the book value of the machine at the end of 2025 if the company uses the units - or - production method at depreciation.

Reference no: EM133152202

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