Bradley Company purchased a machine for ($ 34,000) on January 1, 2017. It depreciates the machine using

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Bradley Company purchased a machine for $\$ 34,000$ on January 1, 2017. It depreciates the machine using the straight-line method over a useful life of eight years and a $\$ 2,000$ residual value. On January 1, 2019, Bradley revised its estimate of residual value to $\$ 1,000$ and shortened the machine's useful life to four more years. Depreciation expense for 2019 is:

a. $\$ 4,000$

b. $\$ 5,750$

c. $\$ 6,000$

d. $\$ 6,250$

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