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Matthew Ltd has a piece of machinery with a cost $400,000. It had a book value of $176,000 was sold for $240,000. Data from

Matthew Ltd has a piece of machinery with a cost $400,000. It had a book value of $176,000 was sold for $240,000. Data from the comparative balance sheets is as follows: Equipment Accumulated depreciation Calculate the depreciation expense for the year 2020. Select one: Dec 31, 2020 $2,880,000 $880,000 a. $312,000 b. $344,000 c. $192,000 d. $120,000 Dec 31, 2019 $2,600,000 $760,000

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