01:0 Question 18 of 23 -/1 TIT View Policies Current Attempt in Progress On January 1, a machine with a useful life of five years and a residual value of $29000 was purchased for $89000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? $35600 $28400 $21360 $11120 Save for Later Attempts: 0 of 1 used Submit