Question 8 (3 points) On September 1, 2021, Hines Co. purchased factory equipment with an invoice price of $95,000. The equipment is estimated to have a $5,000 salvage value at the end of its 8-year useful service life. What is depreciation for 2022 using double declining balance method? Round your answer to whole dollars if necessary a) $18,125 b) $21,875 c) $21,771 d) None of the above