Bart paid $$150,000$ for a piece of equipment for his business. Bart's income statement puts the straight line depreciation rate at $20\%,$ and the equipment is expected to have a residual value of $$1,000$ at the end of its useful life, which is expected to be five years.

$\backslash$table$[[$Total Book Value,$$150,000,,,],[$Usetul life,$5$ years,,,$],[$Straight line depreciation $(96),20\%,,,],[$Double decining balance $(S)],[$Double Declining Balance Depreciation$],[\backslash$table$[[$Book Value$],[$Year $($Beginning of Year$)]],\backslash$table$[[$Depreciation$],[$Rate$]],\backslash$table$[[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book Value$],[($End of Year$)]]],[1.,,,,],[2,,,,],[3,,,,],[4,,,,],[5,,,,]]$

Using double declining balance depreciation, what is the value of the piece of equipment at the end of year one?

$$ $$60,000$

$$90,000$

$$ $$100,000$