Page 0f40 7. Slotkin Products purchased a machine for $65,000 on July 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5,000. Depreciation for 2018 to the closest dollar is A) $32,500 B) $8,125 C) $14,219 D) $12,500