Eckman Company purchased equipment for $120,000 on January 1, 2016, and will use the double-declining- balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2018 will be Select one: a. $27,360. b. $17,280. C. $28,800. d. $16,416. Tomko Company purchased machinery with a list price of $96,000. They were given a 10% discount by the manufacturer. They paid $600 for shipping and sales tax of $4,500. Tomko estimates that the machinery will have a useful life of 10 years and a residual value of $30,000. If Tomko uses straight-line depreciation, annual depreciation will be Select one: a. $6,150. b. $5,640. c. $9,150. d. $6,108