Bok Ho Co.'s property, plant and equipment (PPE) ledger has the following information at the end of its current fiscal year:

Net book value

Remaining useful life (in years)

Land

$ 500,000

Unlimited

Buildings

$ 850,206

14

Machinery

$ 356,304

8

Office equipment

$ 32,010

15

Bok Ho Co. did not sell or buy any PPE in the current year, and uses the straight-line method to depreciate its assets. All assets have zero salvage value. How much depreciation will the company need to record for its current fiscal year?

1. a) $62,863 b) $100,421 c) $105,267 d) $107,401