A company bought a new machine for $$24,000$ on January $1.$ The machine is expected to last five years and has a residual value of $$4,000.$ If the company uses the double declining$-$balance method, accumulated depreciation at the end of year $2$ will be

Question $5$ Answer

A$.$

$$15,360$

B$.$

$$12,800$

C$.$

$$9,600$

D$.$

$$19,200$