The amount of depreciation expense for a fixed asset costing $95,000, with an estimated residual value of $5,000 and a useful life of 5 years or 20,000 operatinghours, is $21,375 by the units-of-production method during a period when the asset was used for 4,500 hours.

This is a true or false question but I would like to know how the answer is found as well.


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