Stanley Company Purchased a Machine That Was Installed and Placed

Multiple Choice

Stanley Company purchased a machine that was installed and placed in service on January 2,2013,at a total cost of $680,000.Residual value was estimated at $70,000.The machine is being depreciated over ten years by the double-declining-balance method.For the year 2014,Stanley should record depreciation expense of

A) $108,800
B) $97,600
C) $68,000
D) $61,000