On January 2, 2019, Helmkamp Company purchased a $60.000 machine. It had an estimated useful life of 5 years and a residual value of $6.000. What is the amount of depreciation expense for 2020, the second year of the asse's life, using the double declining - balance method? (Round intermediary calculations to two decimal places and your final answer to the nearest dolar) O A $10.800 OB 524,000 OC 514400 OD $12.000 To record the accrued interest on a note payable at the end of the accounting period, a journal entry should be written to debit: OA Interest Payable OB. Cash OC Notes Payable OD. Interest Expense On January 2, 2019. Helmkamp Company purchased a $80,000 machine. It had an estimated useful life of 5 years and a residual value of $6.000. What is the amount of depreciation expense for 2020, the second year of the asset's life using the double declining - balance method? Round intermediary calculations to two decimal places and your Snal answer to the nearest dollar) A $10.800 B$24,000 C. 514 400 D512 000 To record the accrued interest on a note payable at the end of the accounting period, a journal entry should be written to debit O A Interest Payable OB Cash OC. Notes Payable D. Interest Expense