QUESTION 8 A company purchased machinery on January 1, 2018 for $600,000 which it depreciated under the straight- line method with an estimated life of ten years and a $90,000 salvage value. On January 1, 2020, the company decided to change its estimate of the salvage value of the machinery to $50,000. How much depreciation expense should the company record in 2020? 0 $44.800 $56,000 $64,000 $51,000