Nelson Ma purchased equipment at the beginning of July 2015 for $200,000. Nelson decided to depreciate the equipment over a ten-year period using the reducing-balance method (using 1.8 times the straight line rate). Nelson estimated the equipment's residual value at $10,000. Which of the following statements is correct concerning Nelson's financial statements at 30 June 2016?

The carrying amount of the equipment is $120,000

The carrying amount of the equipment is $165,800

The total accumulated depreciation is $90,000

Depreciation expense for 2015 is $32,001