Lisbeth Corp., a calendar year-end company, purchased equipment on 1/1/X1 with the following attributes:

Lisbeth Corp., a calendar year-end company, purchased equipment on 1/1/X1 with the following attributes: Cost $ 25,000 Salvage Value $ 1,850 Useful life 4 years Assuming that Lisbeth uses the double-declining balance (DDB) depreciation method, answer the following question: Question: How much depreciation expense should be recorded in 20X4 (year four of the asset's life)