GDH Industries purchased a Caterpillar Electric Forklift for $9,000 on January 1, 20X1.

The expected useful life of the forklift is 5 years and the expected residual value is $1,000.

Question: Double-declining balance (DDB) depreciation expense in year two (for the year ending 12/31/X2) for the forklift should be?

Select one:

a. $1,600

b. $2,160

c. $2,320

d. $3,600

e. $1,680