Herasa Manufacturing purchased a new machine on Jan 1, 201 that was built to perform one function on its assembly line. Data pertaining to this new machine are: Cost $530,000 Residual value (salvage) $40,000 Estimated service life 10 years Production output 100.000 units Using double declining method, what is the first year's depreciation expense? Enter your response rounded to whole numbers, no commas and no dollar signs. Your