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Orange Corp. constructed a machine at a total cost of $426 million. Construction was completed at the end of 2017 and the machine was placed

Orange Corp. constructed a machine at a total cost of $426 million. Construction was completed at the end of 2017 and the machine was placed in service at the beginning of 2018. The machine was being depreciated over a 10-year life using the sum-of-the-years'-digits method. By that method, accumulated depreciation at the end of 2020 is $205.2 million. The residual value is expected to be $8.0 million. At the beginning of 2021, Orange decided to change to the straight-line method. Ignoring income taxes, what will be Orange's depreciation expense for 2021? Multiple Choice $11.0 million. $34.2 million. $55.2 million. $30.4 million..

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