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 one. What is depreciation expense using the double-declining balance for Year one? $81,250$93,750$40,625$70,313