Business, 04.07.2020 14:01 mistycascaden
On January 1, 2018, McHenry Manufacturing Corporation purchased a machine for $ 40 comma 200 comma 000.McHenry's management expects to use the machine for 31 comma 000hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $ 45 comma 000.The machine was used for 3 comma 700hours in 2018 and 5 comma 400hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
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