Exhibit 11-1 on January 1, 2010, Hills Purchased Equipment for $200

Exhibit 11-1 On January 1, 2010, Hills purchased equipment for $200, 000.The equipment had an estimated useful life of ten years and an estimated residual value of $40, 000.Use the double-declining-balance method to answer the following question(s) .
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Refer to Exhibit 11-1.What is the net book value of this asset that Hills should report on the company's balance sheet at December 31, 2011?

A) $142, 600
B) $128, 000
C) $120, 000
D) $102, 400