Rayya Company purchases a machine for $92,400 on January 1,2021. Straight-line depreciation is taken each year for four yearsassuming a seven-year life and no salvage value. The machine issold on J Rayya Company purchases a machine for \( \$ 92,400 \) on January 1,2021 . Straight-line depreciation is taken each year for four years assuming a seven-year iffe and no salvage value. The machine is s 1 answer