On Jan. 1, 2014, a compary placed into service a machine that had an acquisition cost of $70,000, a salvage value of $8,000, and an estimaled usefuf life of 5 yoart. On Jan. 1. 2016. affer two years of depredation, the company revised the entimatod usoful life of the machine to 4 years. Hew much andual depreclation expense should be recegrized for 2016. using stralightine depreciation