Lavender Company purchased a machine on January 1, 2016, for $80,000. The machine has an estimated useful life of 5 years with a salvage value of $10,000. It is being depreciated using the straight-line method. On January 1, 2018, Lavender reevaluated the machine's useful life and now believes it will continue for another 5 years (for a total of 7 1/2 years) and have no salvage value at the end of its useful life. Depreciation expense for the year ended December 31, 2018, related to this machine would be

$14,000

$10,400

$6,933

$8,167