An entity purchased a truck for $38,600 to transport equipment to various job sites. For this purpose, storage bins were welded to the truck bed at a cost of $1,700. The controller of the entity estimates the useful life of the truck to be 5 years and the residual value to be $1,000. Using the double-declining balance method, the depreciation expense on the truck for its second year of use is \ Group of answer choices\ \ $9,024\ \ $9,264\ \ $9,432\ \ $9,672