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Bramble Corp. purchased machinery on January 2, 2012, for $900000. The straight-line method is used and useful life is estimated to be 10 years, with
Bramble Corp. purchased machinery on January 2, 2012, for $900000. The straight-line method is used and useful life is estimated to be 10 years, with a $76000 salvage value. At the beginning of 2018 Bramble spent $191000 to overhaul the machinery. After the overhaul, Bramble estimated that the useful life would be extended 4 years (14 years total), and the salvage value would be $37000. The depreciation expense for 2018 should be:
| $82400. |
| $57450. |
| $76400. |
| $69950 |
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