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On September 19, 2020, Bonita Industries purchased machinery for $470000. Salvage value was estimated to be $26000. The machinery will be depreciated over eight years

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On September 19, 2020, Bonita Industries purchased machinery for $470000. Salvage value was estimated to be $26000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, Bonita should record depreciation expense for 2021 on this machinery of $95583. $101181. $95819. $74000

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