Meta purchased a machine at the beginning of 2020 at $42 million and depreciates with...

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Accounting

Meta purchased a machine at the beginning of 2020 at $42 million and depreciates with a straight-line method. At the end of 2024, the management discovered that the machine would be useful only over a total of six years rather than the nine-year life being used to depreciate its cost. What is the machine depreciation expense in 2024?
Note: Do not round your intermediate calculation.
Multiple Choice
$11.67 million
$467 million
$5.83 million
$23.33 million

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