Conley Company Purchased Equipment for $60,000 on January 1, 2012

Multiple Choice

Conley Company purchased equipment for $60,000 on January 1, 2012, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $3,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2014 will be

A) $8,640.
B) $13,680.
C) $14,400.
D) $8,208.