On January 12, 20X1, your company purchases a machine for $125,000 with an estimated useful life of 15 years and a salvage of $5,000. Your company uses SYD depreciation and depreciates assets purchased between the 1st and 15th of the month for the entire month; assets purchased after the 15th of the month are treated as though they were acquired the following month. What is the machines book value at the end of 20X1? $110,000 $111,250 $109,375 $110,677