On January 1, 20X1, Periwinkle purchased a machine that had a list price of S46,320. Periwinkle paid cash of S18,000 and executed a one year noninterest bearing note for the balance. The going rate of interest was 18 percent. The machine has a 6 year life and no residual value. Depreciation expense on a SYD basis at the end of 20X1 is: (a) 8,092. (b) S12,000. (c) $13,234 (d) $14,690 8. 1S