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