On April $30,$ Year $1,$ Tilton Products purchased machinery for $$88,000.$ The machinery is expected to have an $8-$year life and an estimated residual value of $$8,000.$ Tilton uses a calendar year$-$end for financial reporting.

Refer to the information above. Assume that in its financial statements, Tilton Products uses the $200\%-$declining$-$balance method, using the half$-$year convention. Depreciation expense in Year $1$ and Year $2$ will be:

Multiple Choice

$$11,000$ in Year $1$ and $$19,250$ in Year $2.$

$$22,000$ in Year $1$ and $$19,250$ in Year $2.$

$$22,000$ in Year $1$ and $$16,500$ in Year $2.$

$$11,000$ in Year $1$ and $$22,000$ in Year $2.$