Williams Company Purchased a Machine Costing $25,000 and Is Depreciating

Multiple Choice

Williams Company purchased a machine costing $25,000 and is depreciating it over a 10-year estimated useful life with a residual value of $3,000.At the beginning of the eighth year,a major overhaul on it was completed at a cost of $8,000,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?

A) $2,200.
B) $2,920.
C) $3,100.
D) $8,800.