On January 2, 2016, Helmkamp Company purchased a $50,000 machine. It had an estimated useful life of 5 years and a residual value of $5,000. What is the amount of depreciation expense for 2017, the second year of the asset's life, using the double declining - balance method? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.)

A. 20,000

B.10,000

C.9,000

D. 12,000

minusbalancmethod? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.)On January 2, 2016, Helmkamp CompaOn January 2, 2016, Helmkamp Company purchased an