View Policies Current Attempt in Progress Machinery was purchased for $440000. Freight charges amounted to $16000 and there was a cost of $36000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $60000 salvage value at the end of its 4-year useful life. Depreciation expense each year using the straight-line method will be O $95000 O $108000 O $123000 O $97000 e Textbook and Media Save for Later Attempts: 0 of 1 used Submit