A company bought a piece of equipment for $44,700 and expects to use it for eight years. The company then plans to sell it for $4,500. The company has already recorded depreciation of $38,733.27. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year?

a) $1,492.

b) $14,700.

c) $10,050.

d) $1,467.