Ace Company Purchased a Machine Valued at $320,000 on August

Multiple Choice

Ace Company purchased a machine valued at $320,000 on August 1.The equipment has an estimated useful life of five years or 2.5 million units.The equipment is estimated to have a salvage value of $8,200.Assuming the double-declining-balance method of depreciation,what is the amount of depreciation expense that needs to be recorded at the end of the second year?

A) $128,000
B) $62,360
C) $90,880
D) $88,750
E) $106,667