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Baltan Industries Inc. purchased a machine for $38,000 on March 1, 2015. It estimates that its residual value is $8,000, its useful life is 5

Baltan Industries Inc. purchased a machine for $38,000 on March 1, 2015. It estimates that its residual value is $8,000, its useful life is 5 years and its full economic life is 6 years. What is the accumulated depreciation for 2016?

a.

$5,000

b.

$6,000

c.

$4,167

d.

$11,000

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