ABC Corp. purchased equipment for $$60,000$ on January $1,2015.$ The useful life is estimated to be five years, and the salvage value is $$10,000$ at the end of its useful life. The company$$s year$-$end is $31$st December. What would be the depreciation expense for the year ending $31$st December $2016$ if the company uses the double declining method of depreciation?

A$.10,000$$$.$

B$.12,000$$$.$

C$.24,000$$$.$

D$.14,400$$

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