Netflix Inc. acquired equipment for $300,000 on January 1, 2024. The equipment has a useful life of 5 years and a salvage value of $30,000. Calculate the depreciation expense for the year ended December 31, 2024, using the double-declining balance method. Also, calculate the carrying amount of the equipment at the end of 2024. Netflix Inc. reported a net income of $20,000,000 for the year.