Question: 9. Red Corp. constructed a machine at a total cost of $66 million. Construction was completed at the end of 2014 and the machine was

 9. Red Corp. constructed a machine at a total cost of

9. Red Corp. constructed a machine at a total cost of $66 million. Construction was completed at the end of 2014 and the machine was placed in service at the beginning of 2015. The machine was being depreciated over a 8-year life using the straight-line method. The residual value is expected to be $3 million. At the beginning of 2018, Red decided to change to the sum-of-the-years-digits method. Ignoring income taxes, what will be Red's depreciation expense for 2018? (Do not round intermediate calculations. Round final answer to 2 decimal places.) Multiple Choice $3.84 million. $4.44 million. $13.13 million. $7.88 million

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