Kegging & Canning Inc. acquired equipment on June 30, 2013, for $175,000. The residual value is $35,000 and the estimated life is 5 years or 40,000 hours. Compute the balance in Accumulated Depreciation as of December 31, 2015, if Kegging & Canning Inc. uses the

doubleminusdecliningminusbalance

method of depreciation.

A.

$124,600

B.

$105,840

C.

$117,600

D.

$99,680