On January 1, 2019, Sabrina Company acquired equipment for $480,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $80,000. What is the amount of depreciation expense for 2020, if the company uses the double-declining-balance method of depreciation?

Select one:

A. $103,680

B. $ 57,600

C. $115,200

D. $ 69,120