Jerry Willis Company purchased equipment on May 1, 2014 for $100,000. The residual value is $10,000 and the estimated useful life is 10 years. What is the Depreciation Expense for the year ending December 31, 2014, if the company uses the double-declining-balance method?

Select one:

a. $13,333

b. $20,000

c. $12,000

d. $18,000