Easter Corp. owns a machine that it purchased on January1, 2019 for $600,000. The machine had an estimated useful life of 10 years and an estimated residual value of $100,000. The company uses the declining balance method with a rate of20%. The machine was sold on December31, 2021 for $140,000. What was the accumulated depreciation at December31, 2020?

A.

$180,000

B.

$120,000

C.

$100,000

D.

$216,000