On September 19, 2020, Markham Co, purchased machinery for $475,000. Salvage value was estimated to be $25,000. The machinery will be depreciated over eight years using the sum of the years digits method. If depreciation is computed on the basis of the nearest full month, Markham should record depreciation expense for 2021 on this machinery of $96,875. $97.111. $102.257 $87,500