Clefairy purchased a machinery on January 1, 2012 for $780,000. Clefair uses the straight-line method for depreciation. The machinery is expected to have a useful life of 8 years and a residual value of 0. On January 1, 2015, Clefairy determined that the machine had a useful life of six years from the acquisition date and that the residual value was 580,000. As of December 31, 2015 the amount of accumulated depreciation related to this machinery is closest to a $135830 bS292500 C$428 333 Support Finish 50 Previous po 56 57 58 Napage Agon Corp. plans to refurbish Its major equipment. The refurbishment would not affect the equipment's useful life but would increase its production capacity by 50% Refurbishment costs will most likely increase which of the following accounting item(s) O a Operating Expense Ob, Property Plant and Equipment OC Both Operating Expense and Property Plant and Equipment Film 00 Previous page 56 57 58 59