Ramos Co Purchased Machinery That Was Installed and Ready for Use

Multiple Choice

Ramos Co. purchased machinery that was installed and ready for use on January 3, 2014, at a total cost of $115,000. Salvage value was estimated at $15,000. The machinery will be depreciated over five years using the double-declining balance method. For the year 2015, Ramos should record depreciation expense on this machinery of

A) $24,000.
B) $27,600.
C) $30,000.
D) $46,000.