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Bonita Company purchased equipment for $927000 on January 1, 2020, and will use the double-declining-balance method of depreciation. It is estimated that the equipment

Bonita Company purchased equipment for $927000 on January 1, 2020, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $40000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2022 will be $103000. $63000. $71880. O $111880.

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