Cutter Enterprises purchased equipment for $48,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $3,600.

Using the double-declining balance method, depreciation for 2018 and the book value at December 31, 2018, would be:

A.$17,760 and $26,640 respectively.

B.$19,200 and $28,800 respectively.

C. $19,200 and $25,200 respectively.

D.$17,760 and $30,240 respectively.