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25. Crestview Estates purchased a tractor on January 1, 2018, for $65,000. The tractor's useful life is estimated to be 10 years and has a

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25. Crestview Estates purchased a tractor on January 1, 2018, for $65,000. The tractor's useful life is estimated to be 10 years and has a residual value of $5,000. If Crestview uses the double-declining balance method of depreciation what is the amount of depreciation expense that Crestview will record on December 31, 2018, the end of the first year? A. $13,000 B. $12,000 C. $6,500 D. $6,000

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