On January 1, 2024, LYB Company purchased a piece of equipment for $40,000. The equipment was assigned a $6,000 residual value, a five year life, and was being depreciated using the double-declining balance depreciation method. The depreciation expense recorded on the equipment in 2027 was equal to: $3,456 $6,800 $5,760 $4,896 $2,640 $6,000 $2,938 $0 none of the above choices are correct