Rye Co. purchased a machine with an eight-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, 2012. What would Rye report as the Accumulated Depreciation on the 12/31/13 balance sheet using the double-declining-balance method?

Select one:

a.

$35,000

b.

$13,500

c.

$15,000

d.

$31,500

e.

$20,000