(Supplement) Thornton Industries purchased a machine for $45,000 and is depreciating it with the straight-line method over...
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(Supplement) Thornton Industries purchased a machine for $45,000 and is depreciating it with the straight-line method over a life of 10 years, using a residual value of S3.000. At the beginning of the sixth year, a major overhaul was made costing $5,000. and the estimated useful life was extended to 13 years. Depreciation expense for Year 6 is:
a. $1,885.
'
d. $3,625.
b. $2,000.
e. $4,200.
c. $3,250.
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