Question: On April 2, 2013, Premier Plumbing Corporation purchased machinery for $70,000. Salvage value was estimated to be $5,000. The machinery will be depreciated over ten years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month, Premier should record depreciation expense on this machinery for 2014 of
a. $11,050
b. $9,750
c. $11,900
d. $10,500