On January 1 of this year, Sports World purchased a new cash register for $5,400. This register has a useful life of 10 years and a residual value of $400. Using the double-declining-balance method, how much depreciation expense should SportsWorld recognize in the third year? O O $500 $691 O $1,000 O $864 O $1,080 An asset created by a payment for economic benefits that does not expire until some later time is O recorded as a debit to an unearned revenue account O not recorded in the accounting records O recorded as a credit to an unearned revenue account O recorded as a credit to a prepaid expense account O recorded as a debit to a prepaid expense account