2. On January 1, 2011, Frankfort Company made a basket purchase including land, a building and equipment for $760,000. The appraised values of the assets are $40,000 for the land, $680,000 for the building and $80,000 for equipment. Frankfort uses the double declining balance method of depreciation for the equipment which is estimated to have a useful life of five years and a salvage value of $10,000. The depreciation expense for 2011 for the equipment is: A. $13,200. B. $20,000. C. $30,000. D. $30,400