On January 2, 2020, Blette Co. purchased a machine for $240,000 and depreciated it by the straight-line method using an estimated useful life of 8 years with no salvage value. On January 2, 2023, Blette determined that the machine had a useful life of 6 years from the date of acquisition and will have a salvage value of $24,000. An accounting change was made in 2023 to reflect the additional data. The accumulated depreciation for this machine should have a balance at December 31,2023 , of $162,000 $140,000 $144,000 $132,000
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