Al-quqa Company bought a machine on January 1, 2020. The machine cost $72,000 and had an expected salvage value of $12,000. The life of the machine was estimated to be 5 years. Using the straight-line method of depreciation, the book value of the machine after two years (ie, at the beginning of the third year, January 1, 2022) would be: $48.000 $36.000 524.000 $60.000 $72.000