A machine was purchased at the beginning of 2012 for $68,000. At the time of its purchase, the machine was estimated to have a useful life of six years and a salvage value of $8,000. The machine was depreciated using the straight-line method of depreciation through 2014. At the beginning of 2015, the estimate of useful life was revised to a total life of eight years and the expected salvage value was changed to $5,000. The amount to be recorded for depreciation for year 2015, reflecting these changes in estimates, is: $7,875. $7,600. $6,600. $4,125.

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