January 1, 2019, Sapphire Manufacturing Company purchased a machine for $40,000,000. The company expects to...
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January 1, 2019, Sapphire Manufacturing Company purchased a machine for $40,000,000. The company expects to use the machine for 24,000 hours over the next six vears. The estimated residual value of the machine at the end of the sixth year is $40,000. The schedule of usage of the machine is below. Prepare the depreciation schedule using the units-of-production method of depreciation. Year Usage 6.000 5,200 4.300 2,000 2.000
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