On January 1, Year 1, Aker Corp. acquired a machine at a cost of $200,000. It was to be depreciated on the straight-line basis over a 5-year period with no residual value. Because of a bookkeeping error, no depreciation was recognized in Aker's Year 1 financial statements. The oversight was discovered during the preparation of Aker's Year 2 financial statements. Depreciation expense on this machine for Year 2 should be O $80,000 $50,000 $0 $40,000 1