Current Attempt in Progress

On January $3,2024,$ Cullumber Co$.$ purchased machinery. The machinery has an estimated useful life of eight years and an estimated salvage value of $$124000.$ The depreciation applicable to this machinery was $$275000$ for $2026,$ computed by the sum$-$of$-$the$-$years'digits method. The acquisition cost of the machinery was

$$1972400$

$$1488000$

$$1650000$

$$1774000$