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On January 1, 2024, Sanderson Company acquired a machine for $1.180,000. The estimated useful life of the asset is five years. Residual value at the

On January 1, 2024, Sanderson Company acquired a machine for $1.180,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $56,000. What is the book value of the machine at the end of 2025 if the company uses the straight-line method of depreciation? OA. $707,996 B. $708,000 O C. $674,400 OD. $730,400

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