Joe, Inc. purchased a machine on January 1, 2008 for $110,000. The machine was being depreciatedusing the straight-line method over an estimated useful life of 5 years, with a salvage value of $10,000. Atthe beginning of 2012, the company paid $35,000 to overhaul the machine. This increased the output ofthe machine and increased the useful life of the machine by 3 years (8 years total). What is thedepreciation expense recorded for the machine in 2012?