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On January 1, 2016, ABC Corporation purchased equipment that costs $44,000. The equipment has an expected life of 4 years and a salvage value of

On January 1, 2016, ABC Corporation purchased equipment that costs $44,000. The equipment has an expected life of 4 years and a salvage value of $8,000. ABC uses the Double-Declining-Balance method for determining depreciation expenses. What is depreciation expense for the fiscal year ending 2018?

a. $3,000
b. $22,000
c. $11,000
d. $4,500
e. $36,000

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