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 $550,000 Residual value (salvage) $15,000 Estimated service life 7 years Production output 200,000 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