On July 1, 2006, X Corporation purchased factory equipment for $150,000. Salvage value $4,000. The equipment will be depreciated over ten years using the double-declining balance method. X should record depreciation expense for 2007 on this equipment of-----.

Select one:

a. $30,000.

b. $26,280.

c. $27,000.

d. $24,000.