Marjorie, Inc. acquired a machine for $320,000 on August 31, year 1. The machine has a five-year life, a $50,000 salvage value, and was depreciated using the straight-line method. On May 31, year 4, a test for recoverability reveals that the expected net future undiscounted cash inflows related to the continued use and eventual disposal of the machine total $150,000. The machines actual fair value on May 31, year 4, is $135,000, with no salvage value. Assuming a loss on impairment is recognized May 31, year 4, what is Marjories depreciation expense for June year 4?

a. $6,352 b. $5,000 c. $4,500 d. $3,148