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15. Rivera Company purchased a tooling machine on January 3, 2003 for $500,000. The machine was being depreciated on the straight-line method over an estimated

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15. Rivera Company purchased a tooling machine on January 3, 2003 for $500,000. The machine was being depreciated on the straight-line method over an estimated useful life of 10 years= with no residual value. At the beginning of2015, the company paid $125,000 to overhaul the machine. As a result of this improvement= the company estimated that the useil life of the machine would be extended an additional 5 years {15 years total). What should be the depreciation expense recorded for the machine in 2015? A. $ 15,339 E. $ 34,375 c. $ 41,551 D. 3: some

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