40. Ramos Co. purchased machinery that was installed and ready for use on January 1, 2014, at a total cost of $180,000. Salvage value was estimated at $25,000. The machinery will be depreciated over five years using the double-declining balance method. For the year 2015, Ramos should record depreciation expense on this machinery of A. $72,000. B. $62,000. C. $43,200. D. $47,200.