A company aims at investing in a new machine tool each year. This year it has purchased a machine at a cost of 350,000. After 4 years it seeks to replace machines by selling them either through a machine tool dealer or through an auction of industrial machinery, placing a reserve of 40% below its original cost. Using the reducing balance method of depreciation, determine the change in value for year 2 alone. 32530 28630 36960 42000