QUESTION 56 Not complete Marked out of 1.00 Flag question Depreciation Expense The City Cinema purchased a new projector costing $12,000 on January 1, 2016. Because of changing technologies, the projector is estimated to last 5 years after which it will have a salvage value of $1,000. What would be the book value of the projector at the end of 2018 using the double-declining-balance depreciation method? Select one: O a. $2,376 O b. $2,592 . $0 O d. $2,736