Question Content Area

A machine with a cost of $$69,500$ has an estimated residual value of $$4,622$ and an estimated life of $5$ years or $16,265$ hours. What is the amount of depreciation for the second full year, using the double$-$declining$-$balance method?

a$.$ $$13,900\mathrm{.}00$

b$.$ $$25,951\mathrm{.}20$

c$.$ $$16,680\mathrm{.}00$

d$.$ $$27,800\mathrm{.}00$