On 1-4-2015 LOTUS imported a machine from China worth $73000 and paid the following expenses: shipping $1,000, customs fees $500, fire insurance $150, shipping insurance $300, installation $200, and annual maintenance $100 $. The estimated useful life of the machine is five years, or 165,000 units, and the scrap value is $3,000 On 1-4-2020 LOTUS sold the machine for $5000 On 1-4-2015 LOTUS imported a machine from China worth $73000 and paid the following expenses: shipping $1,000, customs fees $500, fire insurance $150, shipping insurance $300, installation $200, and annual maintenance $100 $. The estimated useful life of the machine is five years, or 165,000 units, and the scrap value is $3,000 On 1-4-2020 LOTUS sold the machine for $5000