On January 1, 2025, the accumulated DepreciationMachinery account of a particular company showed a balance of $1480000.At the end of 2025, after the adjusting entries were posted, it showed a balance of $1590000. In 2025, one of the machines which cost $495000 was sold for $241000 cash. This resulted in a loss of $17700.Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2025?

$241000

$346300

$110000

$381700