Question 12 Not yet answered Marked out of 1.00 Flag question Pin plc purchased a machine on 2 January 2004 at a cost of 300 000. It is depreciated on the straight-line method with an estimated useful life ten years and no residual value. When preparing the financial statements for the year ending 31 December 20x8, the remaining estimated useful life was re-estimated to be three years. The depreciation expense for the year ended 31 December 20X8 is: Select one: a. E30 000 b. E50 000 c. E18 000 d. 45 000 e. 60 000