Swift Company purchased a machine on January 1, 2012, for$600,000. At the date of acquisition, the machine had an estimateduseful life of six years with no salvage. The machine is beingdepreciated on a straight-line basis. On January 1, 2015, Swiftdetermined, as a result of additional information, that the machinehad an estimated useful life of eight years from the date ofacquisition with no salvage. An accounting change was made in 2015to reflect this additional information. What is the amount ofdepreciation expense on this machine that should be charged inSwift’s income statement for the year ended December 31, 2015?

a. $ 60,000

b. $ 75,000

c. $120,000

d. $150,000

I know the answer is A but need to show work


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