Question 16 of 20 View Policies r $50000. $37500. $21667. $39063. 70 -15 13 Current Attempt in Progress Bonita Company purchased a piece of equipment on January 1, 2021. The equipment cost $200000 and had an estimated life of 8 years and a salvage value of $30000. What was the depreciation expense for the asset for 2022 under the double-declining-balance method? coe

Bonita Company purchased a piece of equipment on January 1,2021. The equipment cost $200000 and had an estimated life of 8 years and a salvage value of $30000. What was the depreciation expense for the asset for 2022 under the double-declining-balance method? $50000. $37500. $21667. $39063