Morten Co, which uses the double-declining-balance method of depreciation, purchased a new machine on January 1, 2018. The machine cost $160,000, had an estimated useful life of 8 years and $20,000 residual value at the end of its useful life, What is the balance of the Accumulated Depreciation account at the end of 2019? Multiple Choice $30,000 o $90,000 a $40,000 $70.000