ABC Corporation has the following information regarding a piece of manufacturing equipment that was purchased on January 1, 2015. Cost of the equipment = $1,200,000 Estimated residual value - $260,000 Useful life - 5 years Total productive capacity = 1,400,000 units Estimated production in 2015 - 200,000 units Estimated annual production next 4 years - 300,000 units per year What is the annual depreciation expense for 2016 if ABC Corporation uses the double-declining method of depreciation? a. $480,000 b. $356,000 c. $288,000 d. $171,429