Central Supply purchased a new printer for $74,250 . The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $7,425 ). How much is the first years depreciation expense if the company uses the double-declining-balance method?

Select one:

a. $16,500

b. $14,850

c. $19,800

d. $8,250

e. None of these are correct.