Multiple Choice Question 94 A factory machine was purchased for $386000 on January 1, 2017. It was estimated that it would have a $79000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40000 hours in the 5 years. The company ran the machine for 4000 actual hours in 2017. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2017 would be O $61400 O $30700. O $38600 O $79000