Use the Following Information for Questions 45-46

Multiple Choice

Use the following information for questions 45-46.
Picton Farms purchased some equipment on January 1, 2017 for $12,600. The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200. The company uses double-declining-balance depreciation.
-The net book value on January 1, 2018 would be

A) $10,080.
B) $10,320.
C) $11,340.
D) $11,460.