On January 1, Year 1, Jing Company purchased office equipment that cost $37,500 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,700. The equipment had a five-year useful life and a $12,700 expected salvage value, Assuming the company uses the double-declining-balance depreciation method, what are the amounts of depreclation expense and book value, respectively, that would be reported in the financial statements prepared as of December 31 , Year 3 ? Multiple Choice 50 and $12.700 $1,772 and $12,700 $9,648 and $14,472