Question: Use the following asset information to answer the question below. Purchase Price $85,000 Salvage Value $25,000 Estimated Life 5 years Estimated Total Units 50,000 units

Use the following asset information to answer the question below.

Purchase Price $85,000
Salvage Value $25,000
Estimated Life 5 years
Estimated Total Units 50,000 units
Actual Units Year 1 10,500 units
Actual Units Year 2 11,000 units

Assume the double-declining-balance method is used, and the asset was purchased on January 1, 2021. How much is depreciation expense for Year 2?

Question 19 options:

$10,200

$12,200

$24,400

$20,400

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