Newman CoPurchased CNC Router Cutting and Engraving Machinery at a Cost

Multiple Choice

Newman Co.purchased CNC router cutting and engraving machinery at a cost of $320,000 in January 2019.The company's estimated useful life of this high tech equipment is 5 years, and the estimated salvage value is $48,000. Using the straight-line method, the depreciation expense to be recognized for 2019, the first year of the machinery's life, would be:

A) $54,400.
B) $64,000.
C) $73,600.
D) $128,000.