1. On July 1, 2024, Cashman Inc. purchased a new piece of equipment for $550,000. The equipment had an expected useful life of four years, and an expected residual value of $150,000. The company expected that in those four years, the machine would produce 45,000 units based on the following schedule:

2024 3,000 units

2025 11,000 units

2026 12,000 units

2027 10,000 units

2028 4,000 units

Find the Double-declining-balance depreciation for year 1?