A machine with a cost of $63,700.00 has an estimated residual value of $4,835.00 and an estimated life of 5 years or 17,174 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

A machine with a cost of $63,700.00 has an estimated residual value of $4,835.00 and an estimated life of 5 years or 17,174 hours. What is the amount of depreciation for the second full year, using the double declining-balance method? Select the correct answer. $23,546.00 $25,480.00 $15,288.00 $12,740.00