On January 1, 2017, the Accumulated Depreciation-Machinery account of Bonobo Corp.showed a balance of $760,000.At the end of 2017, after the adjusting entries were posted, it showed a balance of $820,000.During 2017, one of the machines which cost $240,000 was sold for $118,000 cash.This resulted in a loss of $7,000.Assuming that no other assets were disposed of during the year, depreciation expense for 2017 was
A)$189,000.
B)$182,000.
C)$180,000.
D)$175,000.

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The Answer of On January 1, 2017, the Accumulated Depreciation-Machinery account of Bonobo Corp.showed a balance of $760,000.At the end of 2017, after the adjusting entries were posted, it showed a balance of $820,000.During 2017, one of the machines which cost $240,000 was sold for $118,000 cash.This resulted in a loss of $7,000.Assuming that no other assets were disposed of during the year, depreciation expense for 2017 was
A)$189,000.
B)$182,000.
C)$180,000.
D)$175,000.

On January 1, 2017, the Accumulated Depreciation-Machinery Account of Bonobo