$1,187.5 $2,500 $1,250 17. Equipment was purchased on October 1, 2014 at a total cost of $20,000. The residual value of the equipment was estimated to be $1,000. The useful life was 8 years. Double-declining balance method is used with fractional years rounded to nearest whole month. What is depreciation expense for the second year (2015)?* (5 Puan) $5,000 $2,500 $4,750 $4,687.5 enreciable asset for cash of $200,000. The original cost of the