On January 1, 20X4, Camback Company purchased a building for…

On January 1, 20X4, Camback Company purchased a building for $450,000 that was expected to have a 15-year useful life with no residual value at the end of its useful life. The straight-line method of depreciation was used. On January 1, 20X9, Camback Company spent $45,000 on improvements to the building, which were capitalized in the building account. It is determined that the remaining useful life of the building will be extended by five years due to the improvements. How much depreciation expense will Camback record for the building in 20X9, assuming that they properly accounted for the change?