Current Attempt in Progress Machinery was purchased for $420000 on January 1, 2022. Freight charges amounted to $13000 and there was a cost of $32000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $55000 salvage value at the end of its 4-year useful life. What is the amount of accumulated depreciation at December 31, 2023 if the straight-line method of depreciation is used? $102500. $187500. $93750. O $205000. Save for Later Attempts: 0 of 1 used Submit