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On January 1, 2020, Bonita Industries purchased a new machine for $4150000. The new machine has an estimated useful life of nine years and the
On January 1, 2020, Bonita Industries purchased a new machine for $4150000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $145000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown in Bonita's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine?
| $2637000 |
| $4005000 |
| $3349000 |
| $2548000 |
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