) On January 2, 2019, Helmkamp Company purchased a $30,000 machine. It had an estimated useful life of 5 years and a residual value of $3,000. What is the amount of depreciation expense for 2020, the second year of the asset's life, using the double declining-balance method? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.)

This is a rational expression because the denominator contains a variable. this is a polynomial with 3 terms. this is a rational expression because the denominator contains a variable. this is a polynomial with 4 terms. this is a rational expression because the denominator contains a variable. this is a polynomial with 4 terms. this is a rational expression because the denominator contains a variable. this is a polynomial with 3 terms. this is a rational expression because the denominator contains a variable. this is a polynomial with 5 terms.