4. Your Company purchased equipment on January 1, Year One for $4?5,000. The machines were estimated to have a 10year life and a salvage value of $50,000. The company uses the straightline depreciation method. At the beginning of Year 5, Your Company spent $35,000 on a major overhaul. As a result, the expected life was increased by three years and salvage was estimated to be $1000. The annual amount of depreciation expense for each of the remaining years would be: (Round to nearest dollar if you need to.) A. $ 3T,T'?8. E. $ 33,000. (3. $ 37,000. D. $ 42,500. E. $ 32,222