Quack Co. purchased factory equipment that was installed and put into service January 1, 2019, at a total cost of $322,000. Salvage value was estimated at $9,000. The equipment is being depreciated over 14 years using the double-declining balance method. For the year 2020, Quack Co. should record depreciation expense on this equipment of $44,714.29 $22,357.14 $39,428.57 $46,000