Question 1 (1 point) Charango, Inc. purchased office fumiture for SIDO.OOO on July I 2016_ It is estimated that the furniture will have a S12.OOO salvage value at the end of its estimated Syear useful life. If Charango uses the double-declining-balance method of depreciation, the accumulated depreciation at December 31 , 2017 be o 1) $4,000. o 2) S52,ooo. o 3) S40,ooo. o 4) S80,ooo.