Coronado Industries purchased machinery on January 2, 2012, for $870000. The straight-line method is used and useful life is estimated to be 10 years, with a $90000 salvage value. At the beginning of 2018 Coronado spent $191000 to overhaul the machinery. After the overhaul, Coronado estimated that the useful life would be extended 4 years (14 years total), and the salvage value would be $41000. The depreciation expense for 2018 should be

A. $72000

B. $78000

C. $69000

D. $56500