Question 12 6 pts Gamma Corporation purchased a machine on January 1, 2011 for $750,000 and put it in use immediately. Gamma estimated the useful life in 10 years with a salvage value of $50,000. Gamma uses the straight-line method to depreciate this class of equipment. On January 1, 2014, it became apparent that the machine would become uneconomical after December 31, 2018, and that the machine would have no salvage value. That is, Gamma concluded that would be able to use the machine only until 12/31/2018, and the new salvage value is zero. What amount should be reported for Depreciation Expense as of December 31, 2014? $135,000 $75,000 $98,000 $70,000 $108,000