Question Content Area

A machine with a cost of $$56,500$ has an estimated residual value of $$3,673$ and an estimated life of $5$ years or $19,919$ hours. What is the amount of depreciation for the second full year, using the double$-$declining$-$balance method?

a$.$ $$22,600\mathrm{.}00$

b$.$ $$13,560\mathrm{.}00$

c$.$ $$21,130\mathrm{.}80$

d$.$ $$11,300\mathrm{.}00$