(no answer) Prepare the journal entry to record Depreciation expense of2017 The machine was acquired on the 1st of Jan 2016. The cost of the machine is $100000, the Salvage value is $5000. The useful life is 5 years and the depreciation Method is double-declining balance method. Depreciation expense 24000 Accumulated Depreciation 24000 Accumulated Depreciation 64000 Depreciation expense 64000 Depreciation expense 64000 Accumulated Depreciation 64000 Accumulated Depreciation 24000 Depreciation expense 24000