MC Qu.110 A company bought a piece of equipment for ...

A company bought a piece of equipment for $44,700 and expects to use it for eight years. The company then plans to sell it for $4,500. The company has already recorded depreciation of $38,733.27. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year? (Round your answer to the nearest whole dollar amount.)

$14,700.

$1,467.

$10,050.

$1,492.