Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $5,000 at the end of five years.

Using the double-declining balance method, depreciation expense for 2022 would be:

A) $22,000.

B) $13,200.

C) $14,400.

D) $24,000.