If Saminski uses the double declining balance method of depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.)

On January 2, 2023, Saminski, Inc. acquired equipment for $500,000. The estimated life of the equipment is 5 years. The estimated residual value is $30,000. What is the Accumulated Depreciation of the equipment on December 31,2024, if Saminski uses the double - declining - balance method of depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.) A. $200,000 B. $188,000 C. $320,000 D. $120,000