EXPLAIN IN FULL

TWW Company owns a machine that was bought on January 1, 2011, for $376,000. The machine was estimated to have a useful life of five years and a salvage value of $24,000. Stiller uses the sum-of-the-years'-digits method of depreciation. How much depreciation expense should the company claim for year 2013?

Select one:

a. $93,866

b. $70,400

c. $117,333

d. $46,933