Rye Co. purchased a machine with a five year estimated useful life and an estimated 10% salvage value for $100,000 on January 1, 2017. In its income statement, what would Rye report as the depreciation expense for 2018 using the double-declining-balance method?

Select one:

a.

$9,000

b.

$21,600

c.

$24,000

d.

$20,000

e.

$40,000