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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,900,000. Tyson's management expects...

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On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,900,000. Tyson's management expects to use the machine for 33,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $42,000. The machine was used for 4200 hours in 2018 and 5000 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the units-of- production method of depreciation? (Round any intermediate calculations to two decimal places, and your hnal answer to the nearest dollar) $13,633,333 $5,205,438 56,190,600 $5,200,104

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