Question $5$

$2\mathrm{.}5pts$

Linty Company purchased a new machine on January $1,2024$ for $$280,000.$ On this date, the machine was estimated to have a life of six years and a residual value of $$7,000.$

Assume Linty Company depreciates its assets using the sumof$-$the$-$years'$-$digits method of depreciation.

On January $1,2027,$ Linty Company changed the life of the machine from $6$ to $11$ years with a residual value of $$4,000$ at the end of the $11$ years.

Calculate the amount of depreciation expense recorded on the machine in $2028.$