A machine with a cost of $77,082.00 has an estimated residual value of $5,948.00 and an estimated life of 6 years or 14,483 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 4,317 hours? Select the correct answer. $23,711.33 $11,855.67 $21,203.17 $22,976.11

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A machine with a cost of $77,082.00 has an estimated residual value of $5,948.00 and an estimated life of 6 years or 14,483 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 4,317 hours?

Select the correct answer.

$23,711.33
$11,855.67
$21,203.17
$22,976.11
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