On April 1, 2013, the first day of the fiscal year, Traverse Co. purchased new machinery for $300,000. The machinery has an estimated useful life of five years, and amortization is computed by the double-declining balance method. Calculate the balance in the accumulated amortization account for this machinery at March 31, 2015.

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The Answer of On April 1, 2013, the first day of the fiscal year, Traverse Co. purchased new machinery for $300,000. The machinery has an estimated useful life of five years, and amortization is computed by the double-declining balance method. Calculate the balance in the accumulated amortization account for this machinery at March 31, 2015.

On April 1, 2013, the First Day of the Fiscal