Pebble Beach Co. buys a piece of equipment for $57,000. The equipment has a useful ife of sik years. No residual value is expected at the end of the useful life. Using the double-declining-balance method, what is the company's depreciation expense in the first year of the equipment's useful life? (Do not round intermediate calculations.) Multiple Choice $19,000 $14.250 $9,500 $28,500