M9-5 (Algo) Computing Book Value (Units-of-Production Depreciation) [LO 9-3] A machine that cost $132,000 has an estimated residual value of $22,000 and an estimated useful life of 22,000 machine hours. The company uses units-of-production depreciation and ran the machine 5,000 hours in year 1, 7,000 hours in year 2, and 7,000 hours in year 3. Required: k Calculate its book value at the end of year 3. (Do not round intermediate calculations.) t nces Book Value