On April 1, Year One, Tammy Company buys machinery for $30,000 and pays an additional $4,000 to have it delivered to its factory and then assembled. Company officials believe this machinery will last for ten years and then have a $2,000 remaining residual value. Depreciation is to be computed by applying the double-declining balance method. The half-year convention is utilized. The value of the asset actually declines at only a rate of 10% per year. On the companys balance sheet as of Dec 31, Year Three, what is reported as the net book value for this asset? a. $18,432 b. $18,496 c. $19,584 d. $25,50