26-Jefferson Company purchased a piece of equipment on January 1, 2015. 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 2016 under the double-declining-balance method? (a) $6,500. (b) $11,250. (c) $15,000. (d) $6,562