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6)Andrews Company purchased machinery on January 1, 2019 for $150,000. The machinery is estimated to have an eight-year useful life with residual value of $6,000.
6)Andrews Company purchased machinery on January 1, 2019 for $150,000. The machinery is estimated to have an eight-year useful life with residual value of $6,000. If the company uses a 25% declining balance depreciation method, what will be the depreciation expense for Andrews Company in 2020 (the second year of ownership)?
A)$18,000
B)$27,000
C)$28,125
D)None of the above
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