A factory machine was purchased for $391000 on January 1, 2021

Subject:AccountingPrice:2.87 Bought7

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A factory machine was purchased for $391000 on January 1, 2021. 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 36000 hours in the 5 years. The company ran the machine for 3600 actual hours in 2021. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be

$31200.

$62400.

$79000.

$39100.