A machine with a cost of $62,700.00 has an estimated residual value of $4,062.00 and an estimated life of 5 years or 18,792 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

Select the correct answer.

$12,540.00

$15,048.00

$25,080.00

$23,455.20