I need help with this question. Please continue using Excel and correct what I did wrong and formulas please

5. Jefferson Company purchased a piece of equipment on January 1, 2012. The equinment cost $60,000 and has an estimated life of 8 years and a salvage value of $8,000. What was the depreciation expense for the asset for 2013 under the dooble-declining-balance method? a. $6,500. c. $15,000. b. $11,250. d. 56.562 . lefferenn Comnanu