Brix Corporation, a company that reports under IFRS, buys a machine on January 1, 2014, for the making of brick pavers. It consists of an engine, a transmission, and a chassis. The entire cost of the machine is $3,400,000, and is expected to last 24 years. However, the engine, representing $1,200,000 of the purchase price, is expected to be replaced after 12 years. The transmission, representing $500,000 of the purchase price, will be replaced every 8 years. If the machine and its components are being depreciated using the straight-line method, how much depreciation expense would Brix report for this machine in 2014? Select one: O a. $141,667 O b. $304,167 Oc $233,333 O d. $70,833 Oe. $162,500