View Policies Current Attempt in Progress Sunland Company purchased machinery that was installed and ready for use on January 3, 2020, at a total cost of $241000. Salvage value was estimated at $31000. The machinery will be depreciated over five years using the double-declining balance method. For the year 2021, Sunland should record depreciation expense on this machinery of O $50400. O $62800. O $96400. O $57840