Chuck Daniels auto acquired a hydraulic lift on august 1, 2016. The lift cost $165,000, had an estimated useful life of 10 years and a residual value of $16,500 at the end of its useful life. What amount of depreciation expense would be recognized under the double declining balance method for the year ending Dec 31, 2016? (A.) $13,750 (B). $16,500 (C). $33,000 (D). $19,250