at Chicfece than under LIFO 16) On January 2, 20x5, Shandley Corporation acquired equipment for $ 120,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $ 20,000. What is the amount of depreciation expense for 20x7, if Shandley Corporation uses the asset 3,800 hours and uses the double-declining-balance method of depreciation? A) $ 10,368 B) $25,920 C) $ 20,000 D) $ 17,280 120-