On January 1,2016,Phillips Company Made a Basket Purchase Including Land,a

On January 1,2016,Phillips Company made a basket purchase including land,a building and equipment for $380,000.The appraised values of the assets are $20,000 for the land,$340,000 for the building and $40,000 for equipment.Phillips uses the double declining balance method of depreciation for the equipment which is estimated to have a useful life of four years and a salvage value of $5,000.The depreciation expense for 2016 for the equipment is:

A) $17,000.
B) $20,000.
C) $9,500.
D) $19,000.