27. 27 Pearson Company uses accrual accounting, straight-line depreciation and closes its books every December 31. On January 1, 2021, the company purchased equipment and paid $144,000 cash. The machine had an expected salvage value of $24,000 and an estimated useful life of five years. The book value of the machine at December 31, 2022, is a. $144,000. b. $120,000. c. $96,000. d. $48,000