A machine with a cost of $200,000 has an estimated residual value of $20,000 and an estimated life of 10 years or 18,000 hours. Using the units-of-production method, what is the amount of depreciation for the second full year, during which the machine was used 4,000 hours?
a. $50,000
b. $45,000
c. $20,000
d. $40,000
d
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