On April 30, 2009. Tilton Products purchased machinery for $55.000 The useful life of this machinery is estimated at 8 years, with an $15,000 residual value. value: 3.00 points Refer to the information above. Assume that in its financial statements. Tilton Products uses straight-line depreciation and the half-year convention. Depreciation expense recognized on this machinery in 2009 and 2010 will be: 0 O O O $14.062 in 2009 and $6.875 in 2010. $4.375 in 2009 and $8.750 in 2010. $2.500 in 2009 and $5.000 in 2010 $6.875 in 2009 and $3.438 in 2010. value: 4.00 points Refer to the information above. Assume that in its financial statements. Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be: O $6.875 in 2009 and $12.031 in 2010 O $13.750 in 2009 and $12.031 in 2010. O $13.750 in 2009 and $10.313 in 2010. O $6.875 in 2009 and $13.750 in 2010