2 3 Question 4 (1 point) Herasa Manufacturing purchased a new machine on Jan 1, 20x1 that was built to perform one function on its assembly line. Data pertaining to this new machine are: 5 Cost $580,000 Residual value (salvage) $44,000 Estimated service life 4 years Production output 250,000 units Using double declining method, what is the first year's depreciation expense? Enter your response rounded to whole numbers, no commas and no dollar signs, Your