Remaining Time: 2 hours, 13 minutes, 24 seconds. Question Completion Status: D) $4,848,480 QUESTION 13 On January 1, 2018, McHenry Manufacturing Company purchased a machine for $40,400,000. McHenry's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $50,000 The machine was used for 4600 hours in 2018 and 6000 hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the units-of-production method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $27,820,344 B) $40,400,000 OC) $27,804,656 D) $34,940,904 QUESTION 14 The cost of an asset is $1,090,000, and its residual value is $300,000. Estimated useful life of the asset is eight years. Calculate depreciation for the first year using the double-declining-balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) O A) $197.500 B) $272,500 OC) $136,250 D) $98,750 QUESTION 15