Slotkin Products purchased a machine for $65,000 on July 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5,000. Depreciation for 2018 to the closest dollar is

A) 8,125

B) 12,500

C) 32,500

D) 14,219

E) None of the above