Question 3 (1 point) Euro Inc. is a global manufacturer which prepares its financial statements according to IFRS standards. On January 1 of the current year, Euro purchased a machine costing $100,000, which has a useful life of 10 years with no residual value. Included in the cost of the machine is a drill which costs $20,000, which has a useful life of 4 years with no residual value. Euro depreciates all of its machinery using the straight line method. How much depreciation expense will Euro report for the current year ending December 31