Given the following for the Illinois Company:

Depreciation expense for year-end 12/31/14 is approximately:

Select one:

a.

$3,466

b.

$3,534

c.

$3,714

d.

$3,050

e.

$3,200

Date 5/1/13 Event Purchase Machine Salvage: $1,000 Cost: $16,000 4 year life straight-line Cost: $4,000 No change in salvage 9/1/14 Addition to Machine Extends useful life to 7/1/19