On 1/8/2015, a company purchased a computer for $15,000 with an estimated useful life of 4 years and a salvage value of $1,000 and the company uses the declining balance method method (double the straight line ratio) the depreciation expense in 2015:

Select one:

a. 2,916.67

b. 7,000

c. 7,500

d. 3,125