on 21 Kingston Company purchased a piece of equipment on January 1, 2016. The equipment cost $200,000 and had an estimated life of 8 years and a salvage value of $25,000. What was the depreciation expense for the asset for 2017 under the double-declining-balance method? ed dout of Select one: a $50,000 b. $37,500 C. $21,667 d. $39.063