A machine that produces cellphone components is purchased on January $1,2024,$ for $$134,000.$ It is expected to have a useful life of four years and a residual value of $$12,000.$ The machine is expected to produce a total of $200,000$ components during its life, distributed as follows: $40,000$ in $2024,50,000$ in $2025,60,000$ in $2026,$ and $50,000$ in $2027.$ The company has a December $31$ year end.