On April 1, 2021, Sheridan Corp. purchased new machinery for $465000. The machinery has an estimated useful life of ten years, a residual value of $24100, and depreciation is calculated using the double-declining-balance method. Sheridan's year end is December 31. The accumulated depreciation on this machinery at March 31, 2023, should be $212040. $164610. $120006. $152977.