Moreno Company Purchased Equipment for $450,000 on January 1, 2010

Moreno Company purchased equipment for $450,000 on January 1, 2010, and will use the double-declining-balance method of depreciation.It is estimated that the equipment will have a 3-year life and a $20,000 residual value at the end of its useful life.The amount of depreciation expense recognized in the year 2012 will be

A) $50,000.
B) $30,000.
C) $54,440.
D) $34,440.