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What will be orange depreciation expense

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Question - Orange Corp. constructed a machine at a total cost of $52 million. Construction was completed at the end of 2017 and the machine was placed In service at the beginning of 2018. The machine was being depreciated over a 7-year life using the sum-of-the-years'-digits method. The residual value is expected to be $3 million. At the beginning of 2021, Orange decided to change to the straight-line method. Ignoring income taxes, what will be Orange's depreciation expense for 2021?

Reference no: EM133169320

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