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Husky Company purchased a machine on January 1, 2005, for $30,000. The machine was being depreciated using the straight-line method over a useful life of
Husky Company purchased a machine on January 1, 2005, for $30,000. The machine was being depreciated using the straight-line method over a useful life of 20 years, with no salvage value. At the beginning of 2015, Husky paid $6,000 to overhaul the machine, resulting in a five year extension of the machines useful life. What amount of depreciation expense should Husky record for 2015?
A.
$1,000.
B.
$1,333.
C.
$1,400.
D.
$1,833.
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