On January 1,2018, Jordan, Inc. acquired a machine for $1,070,000. The estimated usoful life of the asset is five years. Residual value at the end of five years is estimated to be $57,000. Calculate the depreciation expense per year using the straight-line method. OA $214,000 0 B. $267,500 C. $259,600 O D. $202,600