Cutter Enterprises purchased equipment for $96,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $6,600. Using the double-declining-balance method, the book value at December 31, 2022, would be:

Multiple Choice

a) $19,200.

b) $34,560.

c) $35,760.

d) $33,660.