27 Not yet answered Points out of 2.50 Flag question On January 1, 2020, Munoz Company purchased machinery with $840,000. The machinery has an estimated useful life of eight years and an estimated salvage value of $60,000. Munoz uses the sum-of-the-years'-digits method for depreciation. How much will the depreciation be for the year ended December 31, 2022? Select one: a. $173,333. b. $167,143. c. $130,000. d. $140,000