Repairing and Improving Property, Plant, and Equipment Runyan Company has a molding machine with a historical cost of $150,000 and accum depreciation of S110,000. On January 1, 2017, the company performed a major motor overhaul $24,000. Runyan expects the machine will last seven more years and have a salvage value of $8 Compute depreciation expense for the current year using the straight-line method. ulat co sting