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Rogers Company purchased a tooling machine on January 1, 2011 for $65,000. The machine was being depreciated on the straight-line method over an estimated useful
Rogers Company purchased a tooling machine on January 1, 2011 for $65,000. The machine was being depreciated on the straight-line method over an estimated useful life of 8 years, with no salvage value. At the beginning of 2015, the company appraised the machine and estimated that the useful life of the machine would be extended an additional 3 years (11 years total). What should be the depreciation expense recorded for the machine in 2015? (round to nearest dollar)
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