Blue Ltd. owns a machine that it purchased on Jan 1, 2019 fod$750,000, The machine had an estimated useful life of 5 years and an estimated residual value of $50,000. The company uses straight-line depreciation and records monthly depreciation. The machine was sold on December 31, 2022 for $200,000. What was the annual depreciation expense? $140,000 $560,000 $150,000 $10.000