Several years ago, O'Leary's Manufacturing purchased a new machine with an 8-year expected life for $68,400. On its current balance sheet, O'Leary's lists accumulated depreciation on the machine at $51,300. Based on this, how much has the company expensed over the life of the asset? A : $51,300 B : $8,550 C : $17,100 D : $68,400
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