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on January 1,2025, Bonita company purchased a new machine for $4280000. the new machine has an estimate useful life of nine years, and the salvage

on January 1,2025, Bonita company purchased a new machine for $4280000. the new machine has an estimate useful life of nine years, and the salvage value was estimated to be $149,000. Depreciation was computed using the sum-of-the-years-digits method. what amount shoukd be reported on Bonita's balance sheet as of december 31,2026, net of accumulated depreciation, for this machine?

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