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1 _ Orange Corporation constructed a machine at a total cost of $ 6 2 million. Construction was completed at the end of 2 0

1_Orange Corporation constructed a machine at a total cost of $62 million. Construction was completed at the end of 2020 and the machine was placed in service at the beginning of 2021. The machine was being depreciated over a 7-year life using the sum-of-the-years'-digits method. The residual value is expected to be $2 million. At the beginning of 2024, Orange decided to change to the straight-line method. Ignoring income taxes, what will be Orange's depreciation expense for 2024?
Note: Do not round your intermediate calculation and round final answer to 1 decimal place.
Multiple Choice
$5.9 million
$7.9 million
$5.4 million
$8.6 million1

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