Question 18 (1 point) On January 1, 2020, the Accumulated Depreciation-Machinery account of a particular company showed a balance of $740,000. At the end of 2020, after the adjusting entries were posted, it showed a balance of $790,000. During 2020, one of the machines which cost $250,000 was sold for $121,000 cash. This resulted in a loss of $8,000. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2020? $121,000 $ 50,000 $187,000 $171,000 Some other amount