Machinery was purchased for $460000 on January 1, 2022 Freight charges amounted to $13000 and there was a cost of $30000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $45000 salvage value at the end of its 4-year useful life. What is the amount of accumulated depreciation at December 31, 2023 if the straight line method of depreciation is used? $208500 $114500 $229000 $104250