Question: I am searching for the correct answer to this general accounting problem with proper accounting rules. Atlas Manufacturing purchased machinery for $420,500 on March 1,

I am searching for the correct answer to this general accounting problem with proper accounting rules.

Atlas Manufacturing purchased machinery for $420,500 on March 1, 2023. The machinery has an estimated useful life of 25,000 working hours and a salvage value of $35,500. During 2023, the machinery operated for 4,200 hours. Calculate the depreciation expense for 2023 using the working hours method

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