Question 11 10 pts Your Company purchased equipment on January 1 for $82,000. The machines were estimated to have a 5-year life and a salvage value of $4,250. The company uses the straight-line depreciation method. At the beginning of Year 4, Your Company spent $20,000 on a major overhaul the expected life was extended by 5 years and salvage was estimated to me $2,000. No improvements were made. The annual amount of depreciation expense for each of the remaining years would be: (Round to nearest dollar if you need to.) O $ 8,892 O $9,843. $ 7,621 0 $ 7,907 O $5,400