What amount of depreciation expense will be recorded


Problem

Sandhill Company purchased equipment in January of 2016 for $411000. The equipment was being depreciated on the straight-line method over an estimated useful life of 20 years with no salvage value. At the beginning of 2026, when the equipment had been in use for 10 years, the company paid $50000 to overhaul the equipment. As a result of this improvement, the company estimated that the useful life of the equipment would be extended an additional 5 years. What amount of depreciation expense will be recorded for this equipment in 2026?

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Financial Accounting: What amount of depreciation expense will be recorded
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