Assume Major Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $25,000. The if Major Link uses the double-diminishing-balance method of depreciation, what is the depreciation expe O A. $15,000 B. $6,000 O C. $5,400 OD. $8,333 000. The estimated useful life is five years, and estimated residual value is $2,500. on expense for the year ended December 31, 2021? (Round your answer to the nea It Major Link uses the double-diminishing balance method of depreciation what is the depreciation expense for the year ended December 31 2021? (RO O A $15,000 OB. $6,000 C. $5.400 OD $8.333