account202

ABC Company uses double declining belance depreciution method. The compury purchused muchinery an January 1.2020 at a total cost of $32000. The mactinery was etimated to fewe a senibad nitur of 34000 and an estimated usefill ife of 8 years. What is depreciation expense of the machinery for the year of 2021 ? Select one: a. $6,000 b. $7,000 c. $6,250 d. $8,000