On January 2, 2019, Mumford Corporation acquired equipment for $80,000. The estimated life of the equipment is 4 years. The estimated residual value is $2.000 What is the amount of depreciation expense for 2020. if the company uses the double-declining - balance method of depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar) O A. $20,000 O B. $19,500 OC. $40,000 OD. $39,000