On January 1, 2020, the Accumulated Depreciation-Machinery Account of Bonobo

On January 1, 2020, the Accumulated Depreciation-Machinery account of Bonobo Corp. showed a balance of $760,000. At the end of 2020, after the adjusting entries were posted, it showed a balance of $820,000. During 2020, one of the machines that 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 2020 was

A) $189,000.
B) $182,000.
C) $180,000.
D) $175,000.