43 On April 30, Year 1, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $4,000 residual value. Tilton uses a calendar year-end for financial reporting Assume that in its financial statements, Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in Year 1 and Year 2 will be Multiple Choice C $22,000 in Year 1 and $19,250 in Year 2 $22,000 in Year 1 and $16,500 in Year 2 $11,000 in Year 1 and $19,250 in Year 2 $11000 in Year 1 and $22,000 in Year 2