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