Paay, March 13, 2021 - 9:00 pm Question 24 of 25 Page 24 of 25 Question 24 (5 points) Joyco acquired equipment on April 1, 2022, at a cost of $90,000 and with an estimated useful life of 10 years. The machine has a residual value of $10,000. JoyCo uses the double-declining balance method of depreciation. How much depreciation should be recorded by JoyCo for the year ended December 31, 2022? b $10,000 $8,000 $12,000 $13,500 d Next Page Back