Klein Co Purchased Machinery on January 2, 2002, for $440,000

Klein Co. purchased machinery on January 2, 2002, for $440,000. The straight-line method is used and useful life is estimated to be 10 years, with a $40,000 salvage value. At the beginning of 2008 Klein spent $96,000 to overhaul the machinery. After the overhaul, Klein estimated that the useful life would be extended 4 years (14 years total) , and the salvage value would be $20,000. The depreciation expense for 2008 should be

A) $28,250.
B) $34,500.
C) $40,000.
D) $37,000.