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On January 1, a company purchased a machine for $ 350,000. The machine's useful life...

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Accounting

On January 1, a company purchased a machine for $ 350,000. The machine's useful life is estimated to be 7 years, or 900,000 units of product, with a $ 35,000 salvage value. During October, the machine produced 18,654 units of product. How much is the depreciation expense for October under the units-of-production method? Multiple Choice $3,750. $ 4,167. $7,254. $4,583. $6,529.

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