On January 1, 2020, Branson Corporation purchased a machine for $38,600. Branson paid shipping costs of $1,200 for delivery to Branson's warehouse and also paid installation costs of $2,500. Branson estimated the machine would have a useful life of ten years and no estimated salvage value. If Branson records depreciation using the straight-line method, depreciation expense for 2020 is $3,860 O $3.980 O $4.230 O $4.110