On 1 January 2020, MACROOM COMPANY discovered that a machine purchased on January 1, 2017 for $22,000,000 was expensed at the time. The machine should have been depreciated on a straight-line basis assuming a $2,000,000 estimated residual value and a 4-year life.

The effective tax rate for MACROOM COMPANY is 10%.

MACROOM COMPANY's Journal Entry on 1 January 2020 to correct this error will include a Credit to Accumulated Depreciation for which of the following amounts?

Select one:

a. $15,000,000

b. $12,000,000

c. None of these answers

d. $6,000,000

e. $10,000,000