On January2, 2019, Mumford Corporation acquired equipment for $90,000. The estimated life of the equipment is 4 years. The estimated residual value is $1,000. What is the amount of depreciation expense for2020, if the company uses the doubledecliningbalance method ofdepreciation? (Round intermediary calculations to two decimal places and your final answer to the nearestdollar.)

A.

$44,500

B.

$22,500

C.

$45,000

D.

$ 22,250