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On January 1, 2020, Oriole Company purchased a new machine for $4220000. The new machine has an estimated useful life of nine years and the

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On January 1, 2020, Oriole Company purchased a new machine for $4220000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $152000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown in Oriole's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine? $2592800 $2683200 $3406400 $4068000

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