Red CorpConstructed a Machine at a Total Cost of $70 Million

Multiple Choice

Red Corp.constructed a machine at a total cost of $70 million.Construction was completed at the end of 2012 and the machine was placed in service at the beginning of 2013.The machine was being depreciated over a 10-year life using the straight-line method.The residual value is expected to be $4 million.At the beginning of 2016,Red decided to change to the sum-of-the-years'-digits method.Ignoring income taxes,what will be Red's depreciation expense for 2016?

A) $ 4.8 million.
B) $ 5.4 million.
C) $ 6.6 million.
D) $11.55 million.