JH purchased factory equipment for $800,000 in Jan. 1. 2020. It is estimated that the equipment will have a $200,000 salvage value at the end of its estimated 10-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the year 2020 would be $160,000. O a. O b. $360,000. c. $80,000. d. $240,000. JH corp. purchased factory equipment for $800,000 in Jan. 1. 2020. It is estimated that the equipment will have a $200,000 salvage value at the end of its estimated 10-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the year 2021 would be O a. $128,000. O b. $140,800. C. $40,400. O d. $80,600