On January 1, Year 1, Farm Products Company bought a machine for $1,500,000. At that time, the machine had an estimated useful life of six years, with no salvage value. As a result of additional information, Farm Products determined on January 1, Year 4, that the machine had an estimated useful life of eight years from the date it was acquired, with no salvage value. Accordingly, the appropriate accounting change was made in Year 4. How much depreciation expense for this machine should Farm Products record for the year ended December 31, Year 4, assuming that Farm Products uses straight-line depreciation? $250,000 $150,000 O $125,000 O $187,500

On January 1. Year 1. Farm Products Company bought a machine for $1,500,000. At that time, the machine had an estimated useful life of six years, with no salvage value. As a result of additional information, Farm Products determined on January 1 . Year 4, that the machine had an estimated useful life of eight years from the date it was acquired, with no salvage value. Accordingly. the appropriate accounting change was made in Year 4. How much depreciation expense for this machine should Farm Products record for the year ended December 31, Year 4 , assuming that Farm Products uses straight-line depreciation? $250,000$150,000$125,000$187,500