cost of $63,616 has an estimated residual value of $5,755 and an estimated life of 4 years or 16,212 hours. It is to be depreciated by the units-of-activity method.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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A machine with a cost of $63,616 has an estimated residual value of $5,755 and an estimated life of 4 years or 16,212 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 3,914 hours.

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