Your Company purchased equipment on January 1 for $95,000. The machines are estimated to have a 6 year life and a salvage value of $12,500. The company uses the straight-line depreciation method. At the beginning Year 5 , Your company spent $25,000 on a major overhaul and increased the expected life by five years. Salvage value became 58,500 . What is the annual amount of depredation expense for each of the remaining years? Round to match my answer if necessary. 58,071 $9,286 57,500 513,964 $6,107