QUESTION 20 Powers Co. purchased equipment for $200,000 on January 1, 2018. The equipment has an estimated service life of 8 years and an estimated residual value of $20,000. Compute the depreciation expense for 2018 (year 1) using the Double-Declining method. Input your answer without dollar signs $.....for example. If your answer is $10,000, input 10,000 as the solution