The machine that was used to produce textbooks cost $600,000 when it was purchased new one year ago. It has an expected life span of five years. The income statement showed the straight line deprecation rate as 5%. Using double declining balance depreciation, the book value of the machine at the end of year two will be . A.) $540,000 0 B.) $426,000 . (3.) $360,000 . D.) $486,000