On January 1, 2018, Jordan Company acquired a machine for $1,090,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $60,000. Calculate the depreciation expense per year using the straight-line method.
A) $218,000
B) $206,000
C) $266,000
D) $272,500
B) $206,000
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