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On January 2,2023, Helmkamp Company purchased a $50,000 machine. It had an estimated useful life...

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Accounting

On January 2,2023, Helmkamp Company purchased a $50,000 machine. It had an estimated useful life of 5 years and a residual value of $5,000. What is the amount of depreciation expense for 2024, the second year of the asset's life, using the double declining - balance method? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.)
A. $10,000
B. $12,000
C. $20,000
D. $9,000
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