Problems 7-12 use the following information: A firm purchased a new piece of equipment with an estimated usefull life of five vears. The cost of the equipment was $55,000. The salvage value is estimated to by $5,000 at the end of year 5 . Using the Double-Declining Balance method of depreciation, what is the value of depreciation for year 5 ? A. 2,128 B. 5,000 C. 2,851 D. 7,920 E. 7,128