A machine with a cost of $58,700.00 has an estimated residual value of $4,624.00 and an estimated life of 5 years or 15,130 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

Select the correct answer.

$21,630.40

$14,088.00

$11,740.00

$23,480.00