Newman CoPurchased CNC Router Cutting and Engraving Machinery at a Cost

question 2

Multiple Choice

Newman Co.purchased CNC router cutting and engraving machinery at a cost of $320,000 in January 2019.The company's estimated useful life of this high tech equipment is 5 years, and the estimated salvage value is $48,000. Using declining-balance depreciation at twice the straight-line rate, the depreciation expense to be recognized for 2020, the second year of the machinery's life, would be:

• A)$43,520.
• B)$51,200.
• C)$76,800.
• D)$84,480.