On January 1, 2017, the Accumulated Depreciation-Machinery account of a particular company showed a balance of dollar 370,000. At the end of 2017, after the adjusting entries were posted, it showed a balance of dollar 395,000. During 2017, one of the machines which cost dollar 125,000 was sold for dollar 60,500 cash. This resulted in a gain of dollar 4,000. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2017? dollar 85,500 dollar 93,500 dollar 25,000 dollar 60,500 dollar 35,500