A company with a calendar year-end purchased a machine on 1/1/X1. The following information is available for 20X1: Description Amount Cost $ 80,000 Estimated residual value $ 5,000 Total estimated number of hours of use 30,000 hours Actual number of hours used in 20X1 4,500 hours Padilla uses the units-of-activity (or units-of-production) depreciation method. Question: How much depreciation expense should be recorded in 20X1? Do not use decimals or cents in the response

Answer rating: 100% (QA)

The depreciation expense for 20X1 under the unitsofactivity method is 11250 H... View the full answer