5 pts Samford Company purchased equipment to be used in operations on March 26, 2019. The equipment had a purchase price of $250,000 with a residual value of $50,000 and a useful life of 5 years. If Samford Company uses the double declining balance method of depreciation and the half- year convention, what will depreciation expense of the equipment be for 2019? O $20,000 $40,000 $50,000 $75,000 None of the above.