On July 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, as follows:

	Cost	Salvage Value	Useful Life
Machine #1	$80,000	$14,000	12 years
Machine #2	$55,000	$10,000	8 years
Machine #3	$27,000	$3,000	5 years

Assets purchased between the 1^st and 15^th of the month are depreciated for the entire month; assets purchased after the 15^th of the month are treated as though they were acquired the following month. What is total 20X4 depreciation for the 3 machines?

		$18,942
		$7,963
		$15,925
		$9,471