3 Pebble Beach Company buys a piece of equipment for $54,000. The equipment has a useful life of three years. No residual value is expected at the end of the useful life. Using the double-declining- balance method, what is the company's depreciation expense in the first year of the equipment's useful life? (Do not round intermediate calculations.) Multiple Choice $27,000 $13,500 $18,000 $36,000