On January 1, 2018, McHenry Manufacturing Corporation purchased a machine for $ 40 600 000....
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Accounting
On January 1, 2018, McHenry Manufacturing Corporation purchased a machine for $ 40 600 000. McHenry's management expects to use the machine for 27 000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $ 50 000. The machine was used for 3 600 hours in 2018 and 5 comma 700 hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the unitsminusofminusproduction method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
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