On July 1, 2001, XYZ Inc. purchased a new machine for $200,000 with an estimated useful life of 10 years and a salvage value of $5,000. XYZ Inc. uses the straight-line depreciation. However, during 2005, the company realized the machine would not be efficient to operate after December 31, 2007. In addition, the machine would have no scrap value. How much should be charged to depreciation expense in 2005 under the GAAP?

A) $19,500

B) $5,000

C) $43,917

D) $65,000

E) $12,174