On April 30, Yeart. Tilton Products purchased machinery for $176,000. The useful life of this machinery is estimated at 8 years, with an $15,000 residual value. Titon uses a calendar year-end for financial reporting. Assume that in its financial statements, Titon Products uses the 150%-declining-balance method and the half-year convention Depreciation expense in Year 1 and Year 2 will be: Multiple Choice $16.500 in Year 1 and $29.906 in Year 2. $30,000 in Yeart and $22.875 in Your 2. $33,000 in Yeart and $20,006 in Your 2 $33,000 in Yeart and $33,000 in Year 2