14.

Orange Corp. constructed a machine at a total cost of $64 million. Construction was completed at the end of 2012 and the machine was placed in service at the beginning of 2013. The machine was being depreciated over a 11-year life using the sum-of-the-years'-digits method. The residual value is expected to be $3 million. At the beginning of 2016, Orange decided to change to the straight-line method. Ignoring income taxes, what will be Orange's depreciation expense for 2016? (Do not round your intermediate calculation and round final answer to 1 decimal place.)

a) $7.5 million

b) $4.5 million

c) $5.6 million

d) $4.2 million