Art Modell Company Reported $61,000 in Depreciation Expense for the Current

Art Modell Company reported $61,000 in depreciation expense for the current year using the double- declining- balance method. The company estimates that it saved net cash of $12,000 in income taxes by using the double- declining- balance instead of the straight- line method. The company has a 30% tax rate. What would depreciation expense have been using the straight- line method?

A) $7,200
B) $40,000
C) $21,000
D) $43,857