Morten Co ,Which Uses the Double-Declining-Balance Method of Depreciation,purchased a New

Multiple Choice

Morten Co. ,which uses the double-declining-balance method of depreciation,purchased a new machine on January 1,2018.The machine cost $160,000,had an estimated useful life of 8 years and $20,000 residual value at the end of its useful life. What is the balance of the Accumulated Depreciation account at the end of 2019?

A) $30,000
B) $90,000
C) $40,000
D) $70,000