8-Ironworks Industries purchased a piece of equipment for $75,000 with an estimated salvage value of $20,000 on January 1. Its estimated life is 55 years. To the nearest?dollar, what is the?equipment's depreciation using?double-declining-balance for year 22???(Round any intermediary calculations to the nearest cent and your final answer to the nearest?dollar.)

A.

$18,000

B.

$11,000

C.

$22,000

D.

$30,000