Moreno Company purchased equipment for $900,000 on January 1, 2016, and will use the double- declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $40,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2018 will be Select one: o a. $68,880. b. $60,000. c. $108,880. o d. $100,000