A company bought a new machine for $15.000 on January 1. The machine is expected to last eight years and to have a residual value of $5,000 of the company the double-diminishing balance method, what is the accumulated depreciation at the end of year two? (Round your answer to the nearest whole dollar)

A. $6,563 

B. $5.000 

C 54,375 

D. 59,600

Answer rating: 100% (QA)

Answer Option A 6563 Explanation Cost of the asset 15000 Salvage Value 15000 The usef... View the full answer