Barnes Company purchased a machine on April 4,2011,for $210,000.The machine had an estimated useful life of five years and a salvage value of $30,000.The machine is being depreciated using the double declining balance method.Barnes depreciates its assets from the first day of the month nearest the date of purchase.The asset balance,net of accumulated depreciation,at December 31,2012,should be:
A)$75,600
B)$88,200
C)$94,800
D)$105,600

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The Answer of Barnes Company purchased a machine on April 4,2011,for $210,000.The machine had an estimated useful life of five years and a salvage value of $30,000.The machine is being depreciated using the double declining balance method.Barnes depreciates its assets from the first day of the month nearest the date of purchase.The asset balance,net of accumulated depreciation,at December 31,2012,should be:
A)$75,600
B)$88,200
C)$94,800
D)$105,600

Barnes Company Purchased a Machine on April 4,2011,for $210,000