Question: Multiple Choice Question 94 Afactory machine was purchased for $374000 on January 1, 2021. It was estimated that it would have a $80000 salvage value

Multiple Choice Question 94 Afactory machine was purchased for $374000 on January 1, 2021. It was estimated that it would have a $80000 salvage value at the end of its Svear useful life. It was also estimated that the machine would be run 43000 hours in the years. The company ran the machine for 4300 actual hours in 2021. If the company uses the units of activity method of deprecation, the amount of depreciation expense for 2021 would be 080000 $29400 $5660 $37400

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