A company bought a piece of equipment for $41,200 and expects to use it for eight years. The company then plans to sell it for $4,400. The company has already recorded depreciation of $35,700.47. Using the double- declining-balance method, what is the company's annual depreciation expense for the upcoming year? (Round your answer to the nearest whole dollar amount.) Multiple Choice $1,100. O $1,375 O $9,350. $11,200