On January 2, 2016, Saminski, Inc

On January 2, 2016, Saminski, Inc., acquired equipment for $300,000. The estimated life of the equipment is 5 years. The estimated residual value is $30,000. What is the Accumulated Depreciation of the equipment on December 31, 2017, if Saminski uses the double-declining-balance method of depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.)

A) $108,000
B) $120,000
C) $270,000
D) $192,000