On January 1, 2019, Wildhorse Ltd. purchased a machine for $508200 and depreciated it using the straight-line method with an estimated useful life of eight years with no residual value. On January 1, 2022. Wildhorse determined that the machine had a useful life of only six years from the date of acquisition but will have a residual value of $48000. An accounting change was made in 2022 to reflect these additional facts. At December 31, 2023, the accumulated depreciation account for this machine should have a balance of O $283750. O $291750. O $370325. O $380200.