2. On January 1. Year 1. an entity acquires a new machine with an estimated useful life of 20 years for $100.000. The machine has an electrical inotor that must be replaced every five years at an estimated cost of $20,000. Continued operation of the machine requires an inspection every four years after purchase; the inspection cost is $10,000. The company uses the straight-line method of depreciation. What is the depreciation expense for Year 1 ? a) $5.000 b) $5,500 c) $8,000 d) $10,000