On January 2, 2022, Blossom Ltd. purchased equipment to be used in its manufacturing operations. The equipment has an estimated useful life of ten years, and an estimated residual value of $34000. It was also estimated that the equipment would be used a total of 64000 hours over its useful life. The depreciation expense for this equipment was $155040 for calendar 2023, using the units of production method. The machine was used for 7600 hours in 2023. The acquisition cost of the equipment was $1053284. $1339600. $1530516. $1591916.