On January 2, 2023, Mumford Corporation acquired equipment for $90,000. The estimated life of the equipment is 4 years. The estimated residual value is $2,000. What is the amount of depreciation expense for 2024, 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.) A. $22,500 B. $45,000 C. $44,000 D. $22,000