Use the Following Information for Questions

Multiple Choice

Use the following information for questions:
Maddie Co.purchased a machine on January 1, 2011 for $22,500.The machine had an estimated useful life of 10 years and an estimated residual value of $2,500.The company uses double-declining-balance amortization.
-Assuming Maddie Co.uses straight-line amortization, what would be the book value of the machine on December 31, 2021?

A) $ -0-
B) $2,000
C) $2,250
D) $2,500