Manna Company owns a machine that was bought on January 1, 2013, for $473,000. The machine was estimated to have a useful life of five years and a salvage value of $42,000. Manna uses the double declining balance method of depreciation. How much depreciation expense should the company claim for year 2016?
Select one:
a. $40,867
b. $68,112
c. $19,301
d. $189,200
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