PliCo acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. PliCo uses the double-declining balance method. If the equipment is purchased at the beginning of 20X1, then 20X1 depreciation is

a.

$70,000

b.

$60,000

c.

$35,000

d.

$30,000