Context: BrasPetro S.A., a large Brazilian petrochemical company, is reporting some financial data as part of their company statistic safekeeping. Your job is to analyze the following statements and report of the best solution based on the answer choices below. Only select one answer choice and report back to your team. The following information is available for equipment: Cost (purchased on 1/1/x1)=$400,000. Expected useful life =5 years. Estimated Residual value =$20,000. If the double-declining balance method is used, what is the asset's book value at 12/31/3 ? A. $66,400 B. $86,400 C. $96,000 D. $112,000 E. $313,600 Only one correct answerlif