Machinery was purchased for $460000. Freight charges amounted to $14000 and there was a cost of $34000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $60000 salvage value at the end of its 4-year useful life. Depreciation expense each year using the straight-line method will be O $127000. O $100000. O $112000. O $103000