Lavery Company purchased a machine that was installed and placed in service on July 1, Year 1 at a cost of $240,000. Salvage value was estimated at $40,000. The machine is being depreciated over 10 years by the double-declining balance method. For the year ended December 31, Year 2, what amount should Lavery report as depreciation expense? OA. $32,000 B. $38,400 C. $43,200 D. $48,000