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What will be the machine carrying amount

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Question - Rexford Company purchased a machine on January 1, 2017, for $57,600 cash. The machine has an estimated useful life of 8 years and a salvage value of $15,040. Rexford uses the double declining-balance method of depreciation for all its assets. What will be the machine's carrying amount (= Net book value) as of December 31, 2018?

a. $10,800

b. $32,400

c. $43,200

d. $14,400

Reference no: EM132998604

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