Current Attempt in Progress

Assuming there are no impairment losses, the balance in the Accumulated Depreciation account represents the

amount to be deducted from the cost of the asset to arrive at its fair value.

cash fund to be used to replace assets.

amount charged to depreciation expense in the current period.

amount charged to depreciation expense since the acquisition of the asset.On January $1,2024,$ Marigold Corp. purchased equipment for $$52000.$ It was expected to last five years, after which it will be sold for

$$5000.$ It is expected to be used for a total of $9400$ machine hours, and was used for $750$ hours during the year ended December $31,$

The depreciation expense for $2024$ using the units$-$of$-$production method will be

$$4149.$

$$3750.$

$$10650.$

$$9400.$