What is the depreciation expense

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Question - On January 1, 20X8, Conoco purchased a machine for $41,100,000. Conoco's management expects to use the machine for 32,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47,000. The machine was used for 4000 hours in 2018 and 6000 hours in 20X9. What is the depreciation expense for 20X8 if the corporation uses the units-of-production method of depreciation?

a. $13,700,000

b. $7,697,460

c. $5,131,640

d. $5,137,520

Reference no: EM132753877

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