Dugger Excavating bought a machine for $24,000 on January 1, 20X3, with a useful life of 5 years and a salvage value of $4,000. At the beginning of 20X4, Dugger finds the residual value will be zero.

Assuming Dugger employs

straightminusline

depreciation, what will be the depreciation expense in 20X4?

A.

$6,000

B.

$5,000

C.

$4,750

D.

$4,000

E.

$8,500