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On January 1, 2017, the Accumulated DepreciationMachinery account of a particular company showed a balance...

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Accounting

On January 1, 2017, the Accumulated DepreciationMachinery account of a particular company showed a balance of $1500000. At the end of 2017, after the adjusting entries were posted, it showed a balance of $1590000. During 2017, one of the machines which cost $510000 was sold for $242000 cash. This resulted in a loss of $17800. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2017?

$90000

$375800

$242000

$340200

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