Deland Company Purchased Equipment on March 1, 2009, for $130,000

Deland Company purchased equipment on March 1, 2009, for $130,000. The residual value is $40,000 and the estimated life is 10 years or 60,000 hours. Compute depreciation expense for the year ending December 31, 2010, if the company uses the double- declining- balance method of depreciation.

A) $24,666
B) $20,800
C) $21,666
D) $26,333