On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value.

Assume that in its financial statements, Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in 2017 and 2018 will be:

$11,000 in 2017 and $19,250 in 2018.

$22,000 in 2017 and $12,571 in 2018.

$22,000 in 2017 and $7,857 in 2018.

$11,000 in 2017 and $22,000 in 2018.