QUESTION 16 A company purchased factory equipment for $6,300. It is estimated that the equipment will have a $300 residual value at the end of its estimated 6- year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be O a. $1,000. O b. $1,400. O c. $1,333. O d. $2,100