On January 1,2019 , Portly Corporation acquired equipment for $76,000. The estimated life of the equipment is 5 years or 24,000 hours. The estimated residual value is $4,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Portly Corporation uses the diminishing balance depreciation method at 2 times the straight-line rate? Select one: a. $30,400 b. $15,200 c. $14,400 d. $28,800