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Revera Company purchased a tooling machine on Jaruary 3, 2008 for $500,000. The machine was being depreciated on the straight-1ine method over an estimated uselul

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Revera Company purchased a tooling machine on Jaruary 3, 2008 for $500,000. The machine was being depreciated on the straight-1ine method over an estimated uselul ife of 10 years, with no residual value. At the beginning of 2015 , the compary paid 3125,000 to overhaut the machine. As a result of this improvertent, the company estimated that the useful life of the machine would be extended an additional 5 years (15 years total). What ahould be the depreciation expense recorded for the machine in 20157 a) 334,375 b. 341,667 C 150,000

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