A company purchased machinery for $210,000 on January 1, 2021. The company also paid freight charges of $4.000 and installation costs of $6,000. It is estimated that the machinery will have a $35,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used? O $37,000 $72 400 $70,000 $74,000 $42,000