On January 1, 2020, A Company acquired a machine at a cost of $200,000. A Company estimates that the machine will be used for 4 years or 8,000 machine hours. It estimates that it will sell the machine after 4 years for $20,000. A Company uses the machine for 2,100 and 1,800 machine hours in 2020 and 2021 respectively. What would be the book value of the machine at the end of the first year assuming the straight-line method of depreciation was used?

		$135,000
		$140,000
		$155,000
		$160,000