Question 24 3 pts On January 1, Woodstock, Inc. purchased a machine costing $30.900. Woodstock also paid $1,700 for transportation and installation The expected useful life of the machine is 5 years and the residual value is $4,600. H ow much is the annual depreciation expense assuming use of the straight-line depreciation method? O $6.180 O $5,600 $6,520. $4,383