homer company purchased equipment fot 40,000 on January 1, 2012 and will use the doublr declining balance methid of depreciation. it is estimated that the equipment will have a 5 year life a 2,000 salvage value at the end thr amount of depreciation expensr recognized in the year 2012 will be

1) 20,000

2) 16,000

3) 8,000

4) 15,200