A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of

Multiple choice

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A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of depreciation for thesecond full year, using the double-declining-balance method? (7a. $16,667(Tb. $37,500“a. $18,7500d. $17,500