Flint Energy showed the following information in its Property, Plant and Equipment Subledger regarding a machine.

On September 1, 2014, the motor was replaced with a new one costing $60,000; it was purchased on account. The new motor had an estimated residual value of $10,000 and an estimated life of eight years. Calculate the total depreciation expense to be recorded on the machine for2014.

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Machine: Accum. Dep. at Dec. 31, 2013, Year-End Date of Purchase Jan. 1/10 Jan. 1/10 Jan. 1/10 Depreciation Method Straight-line Straight-line Straight-line Est. Residual S 5,000 15,000 Est. Life 10 years 25 years 5 years Cost Component Motor Metal housing Misc. parts S 45,000 68,000 15,000 $128,000 $16,000 8,480 12,000 $36,480 0-