Seneca Valley Owns a Machine That It Purchased on Jan

Seneca Valley owns a machine that it purchased on Jan 1,2016 for $600,000.The machine had an estimated useful life of 5 years and an estimated residual value of $100,000.The company uses the declining balance method with a rate of 40%.The machine was sold on December 31,2018 for $140,000.What was the depreciation expense for 2016?

A) $100,000
B) $120,000
C) $200,000
D) $240,000