Using the Straight line method calculate the depreciation in the annual depreciation expenses and following scenario: MLB Co. bought a heavy duty machinery for its production on August 2, 2008 at a price of $200,000 with credit terms of 2/10, n/30. In order to purchase this machinery, MLB has to incur the following additional expenses on the same date: Sale tax of 15% Transportation charges of $5,000; and Installation charges of $8,000.00 It is the company policy to depreciate the machinery over the 10 years. This machine has a scrape value of $10,000. JK closes its accounting year on December 31 each year.