Lundholm Company purchased a machine for $101,600 on January 1, 2016. Lundholm depreciates machines of this type by the straight-line method over a 10-year period using no salvage value. Due to a change in sales patterns, on management determines the useful life of the machine to be a total of five years. What amount should Lundholm record for depreciation expense for 2018? The tax rate is 35%. (Do not round your intermediate calculation.) January 1, 2018 Multiple Choice $27093. $18,288 $17,610. $20.320