Find the asset balance

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Question - Barnes Company purchased a machine on April 4, 20X1, for $210,000. The machine had an estimated useful life of five years and a salvage value of $30,000. The machine is being depreciated using the double-declining-balance method. Barnes depreciates its assets from the first day of the month nearest the date of purchase. Find the asset balance, net of accumulated depreciation, at December 31, 20X2?

A) $94,800

B) $75,600

C) $105,600

D) $88,200

Reference no: EM132477663

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