zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproduct. Saved Help Save & Exit Submit A company bought a piece of equipment for $40,000, expecting to use it for eight years. The company then plans to sell it for $3,500. The company has already recorded depreciation of $35,995. Using the double-declining-balance method, the company's annual depreciation expense for the upcoming year would be: Multiple Choice 123 26 O $10,000 O $1,001 O $505 O $9125