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How much depreciation will be recorded in year two

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Problem 1: A piece of manufacturing equipment is purchased on January 1, 20X1 for $75,000. The equipment is expected to have a useful life of 10 years. At the end of 10 years, management thinks they can sell the machine for scrap metal for $3,500. It is expected that the machine will be able to produce 250,000 units. In the first year, the machine produced 26,432 units. If the double-declining-balance method is used, how much depreciation will be recorded in year two?

Option 1: $15,000

Option 2: $18,000

Option 3: $11,440

Option 4: $12,000

Reference no: EM132787789

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