On January $1,2020,$ Smith Manufacturing purchased a machine for $$950,000.$ The company expected the machine to remain useful for ten years and to have a residual value of $$90,000.$ Smith Manufacturing uses the straight$-$line method to depreciate its machinery.

Smith Manufacturing used the machine for five years and sold it on January $1,2025,$ for $$300,000.$

Read the requirements.

Compute accumulated depreciation on the machine at January $1,2025($same as December $31,2024).$

The accumulated depreciation is