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Williams Company purchased a machine costing $37,100 and is depreciating it over a 10-year estimated useful life with a residual value of $4,100. At the
Williams Company purchased a machine costing $37,100 and is depreciating it over a 10-year estimated useful life with a residual value of $4,100. At the beginning of the eighth year, a major overhaul on it was completed at a cost of $9,100, and the total estimated useful life was changed to 12 years with the residual value unchanged. How much is the year 8 depreciation expense assuming use of the straight-line depreciation method?
$3,300.
$3,800.
$9,100.
$5,120.
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