Your Company purchased equipment on January 1 for $180,000. The machines were estimated to have a 10-year life and a salvage value of $15,000. The company uses the straight-line depreciation method. At the beginning of Year 5, Your Company spent $35,000 on a major overhaul the expected life was extended by 5 years and salvage was estimated to me $9,000. No improvements were made. The annual amount of depreciation expense for each of the remaining years would be: (Round to nearest dollar if you need to.)

Group of answer choices

$11,227

$12,182

$17,227

$12,727

$13,545