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On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was assigned a salvage value of $9,100 and an eight year

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On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was assigned a salvage value of $9,100 and an eight year life. Assume THE Company will depreciate the machine using sum-of-the-years'-digits depreciation. The book value of the machine at December 31, 2022 would be equal to: $51,400 $57,375 $61,975 $74,025 $83,125 $88,413 none of the above choices are correct

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