(5 points) On January 3, 2020, Markida Co. purchased a new building. The building has an estimated useful life of 10 years and an estimated salvage value of $3,863,700. If the company used the double declining balance method for calculating depreciation and reported depreciation expense for this machine of $9,659,320 in 2020, what was the historical cost of the machine? (A 28) $48,296,600 $1,931,864 $52,160,300 $8,886,580