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19 Red Corp. constructed a machine at a total cost of $76 million. Construction was completed at the end of 2017 and the machine was
19 Red Corp. constructed a machine at a total cost of $76 million. Construction was completed at the end of 2017 and the machine was placed in services the beginning of 2018. The machine was being depreciated over a year fe using the straight line method. The residual value is expected to be milion. At the beginning of 2021, Red decided to change to the sum of the years digits method, ignoring income taxes, what will be Red's depreciation expense for 2021? (Do not round Intermediate calculation. Round final answer to 2 decimal places) Multiple Choice $11.47 million Smion 55.11 56.45 milion
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