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Coronado's Quik Shop bought machinery for $ 7 7 0 0 0 on January 1 , 2 0 2 0 . Coronado estimated the useful

Coronado's Quik Shop bought machinery for $77000 on January 1,2020. Coronado estimated the useful life to be 5 years with no
salvage value, and the straight-line method of depreciation will be used. On January 1,2021, Coronado decides that the business will
use the machinery for a total of 6 years. What is the revised depreciation expense for 2021? $6160
$10400
$15400
$12320

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