1. Crane Corporation purchased a machine on July 1. 2023 for $1500000. The machine was estimated to have a useful life of 10 years with an estimated salvage value of $83000. In 2026, it became apparent that the machine would become obsolete after December 31. 2030 and thus have no scrap value. Accumulated depreciation on this machine at December 31, 2025 was $357000. What amount should be charged to depreciation expense for 2026?

O $228600

O $245200

O $311600

O $212000