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What is the depreciation expense for the year

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On January 1, 2015, Hernandez Manufacturing Corporation purchased a machine for $40,000,000. The corporation expects to use the machine for 24,000 hours over the next 6 years. The estimated residual value of the machine at the end of the sixth year is $40,000. The corporation used the machine for 4,000 hours in 2015 and 5,000 hours in 2016.

Question 1: What is the depreciation expense for the year 2015 if the corporation uses the units-of-production method of depreciation?

a. $13,333,333

b. $6,660,000

c. $6,666,660

d. $12,222,000

Reference no: EM132463789

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