Question: Multiple Choice Question 208 A factory machine was purchased for $241000 on January 1, 2022. It was estimated that it would have a $32000 salvage

Multiple Choice Question 208 A factory machine was purchased for $241000 on January 1, 2022. It was estimated that it would have a $32000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 55000 hours in the 5 years. If the actual number of machine hours ran in 2022 was 5500 hours and the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2022 would be $41800. $48200. $20900. $24100. Question Attempts: 0 of 1 used

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