ReelGood Corp

ReelGood Corp.purchased equipment on January 1,2018 for $275,000.It was estimated that the equipment would have a residual value of $25,000 at the end of its useful life.The asset's useful life was estimated at 5 years or 10,000 units of output.The company has a December 31 year end.Assuming the double-declining-balance depreciation method is used,what is the net book value (carrying value) of the asset on December 31,2018?

A) $66,000
B) $99,000
C) $110,000
D) $165,000