Jefferson Company purchased a piece of equipment (LO 6) on January 1, 2017. The equipment cost \(\$ 60,000\) and has an estimated life of 8 years and a salvage value of \(\$ 8,000\). What was the depreciation expense for the asset for 2018 under the double-declining-balance method?

(a) \(\$ 6,500\)

(c) \(\$ 15,000\).

(b) \(\$ 11,250\)

(d) \(\$ 6,562\).