In 2016, Redfleet Inc purchased only one asseta machine used to produce their best-selling bicyclesfor $65,000. The machine was placed in service on October 17, 2016. Redfleet did not utilize bonus depreciation or a Section 179 deduction because of the graduated corporate tax rate structure in place a the time and their expectations of increased future profitability.

Due to increased demands for outdoor gear during the pandemic, Redfleet was forced to retire the machine in April 2021, and replace it with a bigger, newer, and faster machine.

How much depreciation does Redfleet recognize in 2021 related to this machine?

A. $2,837

B. $5,798

C. $2,335

D. $5,675

E. $2,128

F. $3,744

G. $6,227

H. $3,114

I. None of the above