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On January 1, 2020, Concord Corporation purchased a new machine for $4260000. The new machine has an estimated useful life of nine years and the

On January 1, 2020, Concord Corporation purchased a new machine for $4260000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $147000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown in Concord's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine? $4113000 $2706200 $2614800 $3437400

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