Question 13 of 20 < View Policies -/5 E Current Attempt in Progress Concord Company purchased equipment for $180000 on January 1, 2020, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6500 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2022 will be O $36000, $25056. O $43200. O $25920. Save for Later Attempts: 0 of 1 used Submit Answer