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Sunbeam-Oster purchased high-tech equipment that was placed-in-service on December 1, 2009 at a total cost...

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Accounting

Sunbeam-Oster purchased high-tech equipment that was placed-in-service on December 1, 2009 at a total cost of $21,000,000. Salvage value was estimated to be $1,150,000. The machinery will be depreciated over 12 years using the straight-line method. On January 1, 2014, Jentz spent $15,200 to overhaul high-tech equipment. After the overhaul, Jentz estimated that the useful life would be extended 4 years beyond its original useful life, and that the salvage value would be reduced to $6,500. For the year ended December 31, 2014, Sunbeam-Oster should record depreciation expense on this machinery of how much?

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