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Machinery was purchased on January 1 for $61,740.00. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance

image text in transcribed Machinery was purchased on January 1 for $61,740.00. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year would be (round calculations to the nearest dollar): Oa. $12.600 Ob. $12.100 Oc. $13.600 Od. $11.600

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