How much is the depreciation expense

Reference no: EM131814261

Question: Williams Company purchased a machine costing $34,900 and is depreciating it over a 10-year estimated useful life with a residual value of $3,900. At the beginning of the eighth year, a major overhaul on it was completed at a cost of $8,900, 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?

Reference no: EM131814261

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