Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The cost of the machine is $375,000, and the machine has an estimated useful life of 8 years (or 900,000 units of product). The machine has an expected salvage value of $50,000. The machine produced 75,000 units of product in Year three. Accumulated depreciation at the beginning of year three was $164,063. What is depreciation expense using the double-declining balance for Year three? $81,250$40,625$40,234$52.734