Minor Company Installs a Machine in Its Factory at the Beginning

Multiple Choice

Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000.The machine's useful life is estimated to be 5 years,or 300,000 units of product,with a $15,000 salvage value.During its first year,the machine produces 64,500 units of product.Determine the machines' first year depreciation under the straight-line method.

A) $27,000.
B) $29,025.
C) $25,800.
D) $23,779.
E) $24,000.