20. EEE Company purchased a piece of equipment last year for $100,000. Management estimates that the equipment will have a useful life of five years and no salvage value. The company uses the straight-line method of depreciation for reporting purposes and the double-declining balance method for tax purposes. The company falls in the 30% tax bracket. What is the amount of depreciation expense for tax purposes at the end of the first year?* A. $10,000 B. $20,000 C. $30,000 O D. $40,000 Back Submit Page 3 of 3 Never submit passwords through Google Forms. 1 SAMSUNG 7 FB F9 FIO F6 F5 En Lock 96 & 5 7 7 V 8