On January 1, 2018, Anvil Corp. purchased equipment for $60,000. It was expected to last 10 years, after which it will be sold for $5,000. It is expected to be used for a total of 10,000 machine hours, and was used for 750 hours during the year ended December 31, 2018. The depreciation expense for 2018 using the double diminishing-balance method will be Select one: O a. $12,000 b. $11,000 @c. $6,000 Od $5,500