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 net book value at December 31, 2021, after the third year of the machinery's life, would be:

A) $128,000.
B) $156,800.
C) $163,200.
D) $211,200.