Question 7 Not yet answered Moreno Company purchased equipment for $900,000 on January 1, 2016, and will use the double- declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $40,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2018 will be Marked out of 1.00 P Flag question Select one: O a. $100,000. O b. $60,000, c. $108,880. a. $68,880