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. $16,416. b. $28,800. C. $27,360 d. $17,280. Sargent Corporation bought equipment on January 1, 2017. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. Assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be Select one: a. $260,000. b. $150,000. c. $100,000 d. $360,000