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On January 1, 2021 (YEAR 1), XTreame Cleaners (a calendar year end business) purchased a $30,000 machine and placed it into service. The machine had

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On January 1, 2021 (YEAR 1), XTreame Cleaners (a calendar year end business) purchased a $30,000 machine and placed it into service. The machine had an estimated salvage value of $3,000 and a useful life of 4 years. XTreame Cleaners uses the double-declining balance method to compute depreciation. Compute depreciation expense associated with the machine for the year ended December 31, 2022 (YEAR 2)

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