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A machine with a cost of $76,876.00 has an estimated residual value of $5,544.00 and
an estimated life of 3 years of 14,303 hours. It is to be depreciated by the units-of-production method.
What is the amount of depreciation for the second full year, during which the machine was used 4,837 hours?
Select the correct answer.
A. $24,123.11
B. $25,997.99
C. $47,554.67
D. $23,777.33
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