A company bought a plece of equipment for $48,200 and expects to use it for eight years. The company then plans to sell it for $5,100. The company has already recorded depreciation of $41,766.08. Using the double-declining-balance method, what is the compary's annual depreciation expense for the upcoming year? (Round your answer to the nearest whole dollar amount.) Multiple Choice $10,975 $1,334 51,608. 518,200