Overberg Company purchased a machine on January 2, 2010, for $1,000,000. The machine has an estimated useful life of five years and a salvage value of $100,000. Depreciation was computed by the 150% declining-balance method. The accumulated depreciation balance at December 31, 2011, should be
A) $360,000.
B) $459,000.
C) $490,000.
D) $510,000.

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The Answer of Overberg Company purchased a machine on January 2, 2010, for $1,000,000. The machine has an estimated useful life of five years and a salvage value of $100,000. Depreciation was computed by the 150% declining-balance method. The accumulated depreciation balance at December 31, 2011, should be
A) $360,000.
B) $459,000.
C) $490,000.
D) $510,000.

Overberg Company Purchased a Machine on January 2, 2010, for $1,000,000