Rye Co. purchased a machine with a four-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, 2012. In its income statement, what would Rye report as the depreciation expense for 2013 using the double-declining-balance method?

Select one:

a.

$9,000

b.

$10,000

c.

$18,000

d.

$20,000

e.

$40,000