A company bought a piece of equipment for $48.200 and expects to use it for eight years. The company then plans to set it for $5.300. The company has already recorded depreciation of $41766.08. Using the double-declining balance method, what is the company's depreciation expense to the upcoming year? (Round your answer to the nearest whole dollar amount.) Multiple Choice $18.200 $1.334 $10,975 $1608