On July 1, 2017, Eland Corp.purchased a machine for $375,000.The machine has an estimated useful life of five years and a residual value of $50,000.The machine is being depreciated using the double declining-balance method.For the year ended December 31, 2017, Eland should record depreciation expense on this machine of
A)$65,000.
B)$75,000.
C)$130,000.
D)$150,000.

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The Answer of On July 1, 2017, Eland Corp.purchased a machine for $375,000.The machine has an estimated useful life of five years and a residual value of $50,000.The machine is being depreciated using the double declining-balance method.For the year ended December 31, 2017, Eland should record depreciation expense on this machine of
A)$65,000.
B)$75,000.
C)$130,000.
D)$150,000.