Equipment with a cost of $$270,000$ has an estimated salvage value of $$50,000$ and an estimated life of $5$ years or $12,500$ hours. It is to be depreciated by the declining balance method $($double$).$ What is the amount of depreciation for the first full year, during which the equipment was used $2,700$ hours?

a$.$ $$210,000$

b$.$ $$112,500$

c$.$ $$76,000$

d$.$ $$113,400$

Show your work for how each item is calculated. This question is worth $4$ points

Equipment with a cost of $$270,000$ has an estimated salvage value of $$50,000$ and an estimated life of $5$ years or $12,500$ hours. It is to be depreciated by the declining balance method $($double$).$ What is the amount of depreciation for the first full year, during which the equipment was used $2,700$ irours?