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. $28,800. b. $27,360. O C. $17,280. d. $16,416