Question 1 Not yet answered Marked out of 3.00 P Flag question On January 1, 2019, Upward Company purchased a copy machine. The machine costs $320,000, its estimated useful life is 8 years, and its expected salvage value is $20,000. What is the depreciation expense for 2020 using double-declining balance method? Select one: A. $35,000 B. $60,000 C. $80,000 D. 552,500 Save Answers Next >