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On January 1,2024 , Jordan Company acquired a machine for $1,020,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be 569,000 . Calculate the depreciation expense per year using the straight - line method. A. $204,000 B. $192,200 C. $251,200 D. $255,000 On January 1,2024 , Jordan Company acquired a machine for $1,020,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be 569,000 . Calculate the depreciation expense per year using the straight - line method. A. $204,000 B. $192,200 C. $251,200 D. $255,000