Get Add-ins W Link Header A Reuse My Add-ins Wikipedia Bookmark Online Footer Comment Text Quick Parts- 4 WordArt Not Files Videos Cross-reference Page Number Reuse Files Add-ins Media Links Comments Header & Footer Box A Drop Cap Tem 7. Cougar Company purchased a new piece of machinery on January 1, 2016. The machinery cost $1,000,000, had an estimated salvage value of $100,000, and an estimated useful life of 8 years. If Cougar elects to depreciate the machinery using the sum-of-the-years digits method, what will the book value be on December 31, 2021? [10 points]