34) Durango, Incorporated purchased a parcel of land for $450,000. It paid a money fees of $3,000 to verify title to the land. In addition, it paid a broker's fee of $7,500 to help find a suitable parcel of land. This parcel of land should be recorded in the acoounting reoords forr- 35) Morten Company, which uses the double-declining-balance method of depreciation, purchased a new machine on January 1,2021 . The machine cost $160,000, had an extimated useful life of 8 years and $20,000 residual value at the end of its useful life. What is the depreciation expense for 2021