Meta Ltd purchased a new equipment costing 100,000. Its expected useful life is 5 years, at which point it is anticipated that the machine will have a residual value of 14,000. Applying the reducing-balance method of depreciation at 32.5% per annum, how much is the annual depreciation charge in Year 2? Select one: a 17,200 b. 21,938 0 32,500 d. 27,950