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A company purchases machinery on January 2, 2019 for $50,000. The company uses double-declining-balance (DDB) for depreciation with a 10 year useful life and residual

A company purchases machinery on January 2, 2019 for $50,000. The company uses double-declining-balance (DDB) for depreciation with a 10 year useful life and residual value of $5,000. As of December 31, 2020, the accumulated depreciation for the machinery is $18,000. What is the depreciation amount for 2021? $10,000 $9,000 $6,400 $5.400

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