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8-Ironworks Industries purchased a piece of equipment for $75,000 with an estimated salvage value of $20,000...

8-Ironworks Industries purchased a piece of equipment for $75,000 with an estimated salvage value of $20,000 on January 1. Its estimated life is 55 years. To the nearest? dollar, what is the?equipment's depreciation using? double-declining-balance for year 22?? ?(Round any intermediary calculations to the nearest cent and your final answer to the nearest? dollar.)

A.

$18,000

B.

$11,000

C.

$22,000

D.

$30,000

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