49. On January 3, 2024, Salazar Co. purchased machinery. The…
49. On January 3, 2024, Salazar Co. purchased machinery. The machinery has an estimated useful life of eight years and an estimated salvage value of $120,000. The depreciation applicable to this machinery was $260,000 for 2026, computed by the sum-of-the-years’-digits method. The acquisition cost of the machinery was