Use the Information Below to Answer the Following Questions

Multiple Choice

Use the information below to answer the following questions:
Creep Ltd purchased a machine for $100 000 on 1 January 2010. It has an estimated useful life of 5 years. Creep Ltd’s financial period ends on 31 December. The machine was depreciated using the reducing balance method at 60%.
-What was the depreciation expense for year ended 31 December 2011?

A) $60 000
B) $24 000
C) $9600
D) $40 000.