Herasa Manufacturing purchased a new machine on Jan 1, 20X1 that was built to perform one function on its assembly line. Data pertaining to this new machine are: Cost $510,000 Residual value (salvage) $55,000 Estimated service life 5 years Production output 250,000 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