Assume the cost of a companys long-term asset is $20,000, expected salvage value is $1,000, and expected useful life is 10 years. Which of the following is the amount of depreciation in the second year of useful life of the asset if the company applies Double-Declining Balance Depreciation method?

Select one:

1. $1,710
2. $2,000
3. $1,900
4. $1,800