Creep Ltd Purchased a Machine for $100 000 on 1

Multiple Choice

Creep Ltd purchased a machine for $100 000 on 1 January 2016.It has an estimated useful life of five years.Creep Ltd's financial period ends on 31 December.The machine was depreciated using the reducing balance method at 60 per cent.
-What was the balance of accumulated depreciation at 31 December 2018?

A) $84 000
B) $93 600
C) $97 440
D) $60 000