Cheshire Corporation purchases a machine for $160,000. It has an estimated salvage value of $10,000 and is expected to produce 100,000 units in its lifetime. During the first year of operation, it produced 15,000 units. To the nearest dollar , the depreciation for the first year under the units of production method will be: (Round intermediary calculations to the nearest cent, and the final answer to the nearest dollar.) A $40,000 OB. $37,500 OC. $22,500 OD. $24,000