Jeff Fleming, your economics professor, owns Fleming Instructional Resources Express (FIRE), which purchased a copier for $11,000 with an expected life of five years and residual value of $1,000. Use this information to answer the questions below. 3. What is the depreciation expense on the machine in year 1 assuming double declining balance depreciation is used? Answer should include only numbers (e.g., $10,000 is 10000).