On July 1, 2017, Blades Corporation purchased factory equipment for $300,000. Salvage value was estimated to be $8,000. The equipment will be depreciated over five years using the double-declining balance method. Counting the year of acquisition as one half year, Mendes should record depreciation expense for 2018 on this equipment of a. $120,000. b. $96,000. c. $93, 440. d. $72,000