Comix, Inc. wishes to calculate the proper amount of depreciation, for the year ended December 31, 2020, on each of the following assets: 1. The company purchased a machine on July 1,2019 at a cost of $40,000. The useful life of the machine was estimated to be 10 years, and the salvage value was estimated to be $4,000. Comix uses the straight-line method to record depreciation on this machine