On January 1, 2016, A Company purchased a new machine for $40,200,000. The new machine has an estimated useful life of 20 years and the salvage value was estimated to be $200,000. Depreciation is computed on the straight-line method. What should be shown on the company's balance sheet for the machine net of accumulated depreciation at December 31 2020? Select one: a. $30,000,000 b. $30,200,000 c. $38,200,000 d. $40,000,000