Question 42 Bonita Industries purchased machinery that was installed and ready for use on January 3, 2020, at a total cost of $225000. Salvage value was estimated at $30000. The machinery will be depreciated over five years using the double-declining balance method. For the year 2021, Bonita should record depreciation expense on this machinery of

$58800. $90000. $46800. $54000.