Jevara Company purchased a piece of equipment on January 1, 2019. The equipment cost $60,000 and had an estimated life of 8 years and a salvage value of $8,000, the depreciation expense for the asset for 2021 under the double-declining-balance method is:

Select one:

a. $6,500.

b. $ 8,437.5.

c. $15,000.

d. $11,250.