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On January 1, 2025, Sunland Company purchased a new machine for $4170000. The new machine...

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Accounting

On January 1, 2025, Sunland Company purchased a new machine for $4170000. The new machine has an estimated useful life of nine years, and the salvage value was estimated to be $147000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be reported on Sunland's balance sheet at December 31, 2026, net of accumulated depreciation, for this machine?

$2650200

$3365400

$2470170

$2594130

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