Jefferson Company purchased a piece of equipment on January 1,2025 . The equipment cost \(\$ 60,000\) and has an estimated life of 8 years and a salvage value of \(\$ 8,000\). What was the depreciation expense for the asset for 2026 under the double-declining-balance method?

a. \(\$ 6,500\).

b. \(\$ 11,250\).

c. \(\$ 15,000\)

d. \(\$ 6,562\).